SEB Asset Management (SEB AM) has disposed of 10 properties from its frozen real estate fund SEB Immolnvest for an aggregate amount of €680 million, PropertyEU reports. The sales are part of an effort to generate liquidity to facilitate reopening of the fund before end-2011.
The 10 properties sold are located in the Netherlands, Belgium, Italy, France and the U.S. Further, SEB AM is selling the Quartier Potsdamer Platz property portfolio in Berlin with other portfolio assets worth about €550 million. SEB AM is the SEB Group‘s specialist investment house in Germany for actively managed securities and real estate investment funds.
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