AllanSaundersonis managing editor of Property Finance Europe and acontributor to GlobeSt.com.

PARIS-French SIIC Foncière des Régions has signed an agreementwith its largest single tenant, France Télécom, for the latter totake longer leases for 108 buildings in the Paris region and othermajor cities and to purchase 65 properties from FdR for €133million.

The deal marks the latest step in FdR's 2010 action plan, whichadapts strategy to the current economic crisis. The result is toextend lease terms and increase security in the group's rentalcash-flows, and it also implies that the annual asset sales goal of€500 million will be exceeded this year, FdR said.

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