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PARIS-French-Dutch REIT Unibail-Rodamco, the largest listed property company in Europe, plans to sell $3.5 billion in assets during the next two years as it continues to adjust its portfolio to focus on large shopping centers.

At the time of first half results, the group said it sold $1.7 billion of assets in the first half of the year, with a further $703 million of disposals expected in second half 2010. A spokesman said an additional $3.5 billion of asset sales is planned for 2011 and 2012 but declined to confirm reports that BNP Paribas Corporate Finance has been mandated to handle the disposals.

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