UPDATED: Three Singapore firms invest in European markets
Asia Pacific investors continue investing capital into Europe. In several separate deals, three Singapore-based firms are under contract to acquire a number of office properties located in London and Germany.
Announced this month, the newly formed Singapore REIT IREIT Global acquired an office complex in Munich and a German portfolio of office buildings let to Deutsche Teleko. Law firm Dentons advised IREIT Global on the deals.
Its initial portfolio comprises four German office properties in the key cities of Bonn, Darmstadt, Münster and Munich. Real Capital Analytics reports the sellers are FOM Real Estate and