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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
German Patrizia's sales double, sees operating profit
Augsburg-based listed property group Patrizia last year sold 1,803 residential units in individual and block sales, up 91% on 2009, and said it expects operating profit of E12m-E13m for the year. Cash-inflows were predominantly used to repay bank loans by E230m to below E840m