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| SEB ImmoPortfolio Target Return Fund acquires property in London SEB Asset Management has acquired the fully let nine-storey "43/45 Portman Square" class A office and commercial building in London's West End from Invista Real Estate Investment Management Plc. The total investment volume including transaction costs is the equivalent of approximately EUR 128 million. The seven current tenants in the 10,445 m² building with 14 parking spaces offer an attractive mix of creditworthy companies from various sectors. The main tenant is real estate company Cushman & Wakefield. The purchase agreement was signed for mutual fund SEB ImmoPortfolio Target Return Fund, whose real estate portfolio has now grown to 42 properties in 12 countries in December 2009. The prestigious London property has excellent transport connections thanks to its central location directly on Portmann Square in the West End. Both Hyde Park to the south and Regent's Park to the north are only a few hundred metres away. The building was originally constructed at the end of the 1920s and was completely rebuilt between 1996 and 1998 as a modern office and commercial building while retaining the natural stone facade. This and the building's attractive architecture gives it a prestigious appearance. The interior appointments meet the highest quality requirements. write your comments about the article :: © 2010 Construction News :: home page |