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28 May 2012

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French SIIC Icade agrees E255m refinancing

French SIIC/REIT Icade has agreed E255m in new financing, secured by its 40,000 sq.m. Crystal Park in the Paris suburb of Neuilly-sur-Seine. The seven-year loan with HSBC, BNP Paribas and BECM replaces financing by Icade's La Lucette unit that was due to expire in April.

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