- Portfolio comprises of 42 assets in seven countries
- Office asset sold in Vienna
Savills Fund Management GmbH, a subsidiary of Savills Investment Management, has exchanged contracts on the sale of a pan-European real estate portfolio comprising of 42 assets with 417.147 square meters of lettable area across Germany, the Netherlands, Hungary, Italy, France, Finland and Poland. An entity within the Goldman Sachs Group was the successful investor in the structured international bidding process.
The bulk of the assets (30) were owned by SEB ImmoInvest, while nine and three assets were part of SEB ImmoPortfolio Target Return Fund and SEB Global Property Fund respectively.
Of the 42 assets, 20 completed on 30 April 2017. The remaining completions will take place in the coming months. Further to the above, the office Skyline building owned by SEB ImmoInvest in Vienna was also sold to KGAL on 1 May 2017.