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Sat 08 Aug 2008Euro's strength against sterling boosts REO's property portfolio
THE EURO'S strength against sterling boosted the value of properties owned by the Treasury Holdings-backed vehicle, Real Estate Opportunities (REO), during the first six months of the year.
The firm said yesterday that the value of its property portfolio at the end of June was £1.85 billion (€2.3 billion), an increase of 5 per cent on the same time last year.
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