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News
Monday, January 11, 2010
SEB specialist real estate fund acquires logistics property in Upper Austria from REDEVCO
SEB Asset Management has acquired its first property in Enns, Austria, for its specialist real estate fund SEB Europe REI. The property, with a total lettable space of c. 33,700 sq. m., is under lease to C&A Mode Gesellschaft mbH & Co until the end of 2020 and serves as a distri-bution centre. The successful disposal of the property by REDEVCO Central Europe reflects REDEVCO’s strategic focus on retail real estate. The parties have agreed not to disclose the purchase price.
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