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28 May 2012

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Spain's Renta Corporación halves losses in 2010

Barcelona-based listed developer Renta Corporación halved net losses in 2010 to E27.9m in 2010 mainly as a result of the sale of E288m in assets to creditor banks to refinance its debt - which at year end rose to E298m from E278m. The firm manages office, retail and hotels in Barcelona and Madrid, as well as in London, Paris, Berlin and New York.

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