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28 May 2012

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French REIT Terreïs in merger, targets E1bn portfolio

French REIT/SIIC Terreïs owner and chairman Jacky Lorenzetti has expanded the firm by merging into it his DAB Expansion Group, giving Terreïs a combined portfolio of E575m. More than E110m in new acquisitions will take the merged portfolio to around E700m, and Terreïs now aims at E1bn.

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