Banimmo poised to close 'significant' acquisition in Paris

Belgian listed property company Banimmo said it 'expects to finalise a significant acquisition in the retail segment in Paris', after raising over EUR 110 mln of fresh equity through real estate sales in the third quarter of 2009. The company, which in October sold the Mobistar headquarters in Brussels for EUR 70 mln, added that it is currently analysing other possibile acquisitions, while the Paris purchase will be completed before the end of November.

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