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The global economic slowdown over the past year has helped corporations gain a new respect for their property portfolios.
Unloved in the best of times, real estate's qualities as both an asset and a liability have received a hard look from corporate boards at heavily indebted companies.
Indeed, within the past year, several of Europe's largest and most heavily indebted telecoms companies have moved to sell portions of their property portfolios outright, using the proceeds to repay lenders.
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