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| SEB ImmoPortfolio Target Return announces first acquisition in Spain SEB Asset Management has acquired a logistics property in Ciempozuelos, Spain, for its SEB ImmoPortfolio Target Return Fund mutual fund. The purchase price including transaction costs amounts to EUR 39.5 million. The seller is Coperfil Real Estate S.A., a subsidiary of the Spanish property developer Coperfil Construcción S.A.spliter The property comprises two logistics buildings and is part of the "Logispark Ciempozuelos" constructed in 2004, which covers a total area of approximately 350,000 m². Both of the acquired units, which offer 21,783 m² and 23,923 m² of rental space, respectively, and 240 parking spaces are let for the long term. The tenants include Norbert Dentressangle S.A., and EXEL S.L. – a subsidiary of Deutsche Post AG. Ciempozuelos is the first acquisition in Spain for SEB ImmoPortfolio Target Return Fund. This latest transaction means that the portfolio now comprises 29 properties in ten countries with real estate assets of around EUR 543 million. write your comments about the article :: © 2008 Construction News :: home page |