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French Icade sees significant cash-flow rise - Grzybowski
French SIIC/REIT Icade expects a substantial increase in cash-flow in 2011 and 2012 due to delivery of new buildings, lettings and an improvement in development margins, CEO Serge Grzybowski said. "2010 has been a low point in terms of cash flow, but 2011 and 2012 will show a significant improvement," he said.