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Real Estate Briefing - Categorized | Emerging Trends, Europe, Investment, REITs more

Property: Bargain hunters eye European opportunities

Posted on 30 March 2012

The growing value in European property was underlined after the biggest US real estate investment trust (Reit), Simon Property Group, completed its acquisition of a 28.7% stake in Klépierre, a French property company, for an estimated $2 billion (£1.2 billion).
Simon Property paid a 20% premium for the equity from the French bank BNP Paribas, which owned around a quarter of the Paris-based Reit………………………………………..Full Article: Source


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