“SEB Asset Management acquired the new KPN office building in Amsterdam’s Sloterdijk office market from Dutch project developer OVG Real Estate. The six-storey new build with approximately 23,000 m2 of total rental space and 190 parking spaces has been leased to Dutch telecommunications company KPN Telecom B.V. for ten years with the option of an extension. In addition to the tenant’s financial standing and the property’s prime location, the real estate fund managers view the secured long-term rental income as the key argument in favour of this acquisition.
The new KPN office building,worth EUR 98.5 million, was acquired for the SEB ImmoInvest (ISIN: DE0009802306) mutual fund. With this new addition, the Fund’s assets, which currently total approximately EUR 6.1 billion, are now broadly diversified across 18 national markets in Europe, North America and Asia. The geographical focus continues to be on Germany with 67 properties, followed by the Netherlands (20) and France (12). “The focus of the Fund’s investments in 2009 will continue to be on the European core markets including Germany”, said Barbara Knoflach, CEO of SEB Asset Management AG” ( CS della Società).
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