Spanish property giant Metrovacesa plans to invest up to EUR 4 bn in commercial property across Europe by 2010 in a move aimed at reducing its exposure to the shrinking residential market in the country. The company, which on Monday announced the launch of a new strategic plan for the years 2008 to 2010, said that it will look for investments mostly in France, Germany and the UK, with a minor exposure to Belgium and the Netherlands.
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