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| SEB acquires office building in Warsaw  Frankfurt-based funds manager SEB Asset Management has acquired a fully let office property in Warsaw for SEB Europe REI's portfolio. The German real estate special fund is aimed at institutional investors and has a conservative risk/return profile.The Grade A property is in the centre of the Mokotów district, a popular office location that is only ten minutes' drive from the airport. The 11-storey office building has total rental space of approximately 13,270 sqm and 185 parking spaces. It was completed in 2008 and has state-of-the-art appointments. Its main tenants include Generali, AC Nielsen and ILF Consulting Engineers, and the average remaining lease term is 5.4 years. The property was sold by Investec GLL Global Special Opportunities Real Estate Fund, which is managed by GLL Real Estate Partners GmbH. The purchase price is EUR 38 million. write your comments about the article :: © 2011 Construction News :: home page |