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28 May 2012

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French UFG REM aims to invest at least E500m in 2011

French fund manager UFG aims to invest at least E500m in 2011, taking the view that property is entering a new phase "that fully justifies investors taking positions in real estate assets". At least E300m will be invested by its OPCI and SCPI funds. UFG will focus on office in Ile-de-France and major cities, slowdown-resistant retail, and earmark some E120m for energy efficient residential.

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