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28 May 2012

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French REIT Silic profit up; sees more growth in 2011

French industrial park REIT/SIIC Silic, 43% controlled by the French mutual insurance and financial services company Groupama, saw net profit rise 10.7% in 2010 as a result of higher rents and an increase in the value of the portfolio. The company is forecasting further growth for 2011 despite a cautious market outlook.

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