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HBG Properties sells large portfolio to IVG Immobilien

HBG Properties Ltd (the property development arm of HBG UK, an operating company of Royal BAM Group) has sold eight office properties within its portfolio to investor IVG Immobilien AG for £146 million (approximately € 215 million).

IVG acquires in one transaction eight new properties, in locations throughout the UK. The projects are at different stages of development. HBG Properties will continue to manage the properties through development to completion and letting.



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