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PARIS-French REIT/SIIC Altarea Cogedim has launched the marketing of a major Paris residential and office development, Paris 7 Rive Gauche, on the site of the former Laennec hospital, which dates back to 1632. The project involves the renovation of the 4-hectare site, which originally cost Altarea $1 billion. The building has been unoccupied since 2000 when the hospital moved out.

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