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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
French REIT Gecina soars back to E1bn profit, eyes office
French REIT/SIIC Gecina, controlled by Spain's struggling Metrovacesa, posted 2010 net profit of E998m reversing a E774m loss in 2009. In 2011 it intends to continue a strategy of withdrawing from residential property to concentrate on office, and asset rotation. Assets expanded by E1.3bn to reach E11.7bn at year end. Gecina intends to maintain its dividend.