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6 February 2012

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Grosvenor wins approval for French OPCI fund

UK investment management group Grosvenor has won approval to launch its first French institutional OPCI property fund from financial market supervisory authority AMF. Steve Cowen, investment director for continental Europe, said the Grosvenor Retail Invest France open-end fund will enable the company to pursue targeted investments. It plans to invest E300m in 2010 and is mainly looking for town centre or retail park assets direct or in sale-and-leaseback. (See upcoming PIE Editions for full story)

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