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RREEF Unit Sells €155M Seoul Offices

RREEF Deutschland has sold two fully leased office properties in Seoul.

RREEF Deutschland has sold two fully leased office properties in Seoul, PropertyEU reports. The deal has been valued at €155 million.

The unit of Deutsche Bank’s real estate investment arm RREEF sold the real estate to Samsung Group. RREEF Deutschland has raised nearly €50 million in capital gains from the sale of the buildings, which were originally purchased for €46 million and €71 million.

Click here for the story from PropertyEU.

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