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28 May 2012

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French Paref returns to profit, AUM up 9%

French REIT/SIIC Paref posted 2010 net profit of E8m, turning around a year earlier loss as a result of more limited writedowns. Paref operates both as a real estate investor and asset manager for third parties. AUM in the OPCI and SCPI funds operated by its Paref Gestion unit rose 9% to E468m, following strong inflows. Its listed portfolio rose slightly to E207m.

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