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| SEB Asian Property Fund acquires property in Tokyo SEB Asset Management has acquired a residential property in Tokyo for SEB Asian Property Fund SICAV-FIS, its real estate special fund that invests in Asia. The Class A rated "Pacific Tower Atagoyama" is located in the Minato district, one of the capital's five central districts. The seller of the 30-storey residential property is a private fund management by Pacific Holdings Group, which also manages the Nippon Residential Investment REIT, one of Japan's largest listed residential property stock corporations. The SEB Asian Property Fund takes the legal form of a Luxembourg SICAV and is aimed exclusively at institutional investors. The Fund is still in the investment stage, while the target properties will be in the core to value-added spectrum. The new addition brings the total number of properties in the portfolio to 5, located in Shanghai, Singapore and Tokyo. SEB Asset Management, Frankfurt, is the specialist real estate and securities investment house in Germany of the SEB Group, one of northern Europe's leading financial services providers. write your comments about the article :: © 2008 Construction News :: home page |