Publications

- October 1, 2014: Vol. 6, Number 9

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Singapore firms invest in European property

by Andrea Waitrovich

1 Asia Pacific investors continue investing capital into Europe. In two separate deals, two Singapore-based firms are under contract to acquire several office properties located in London and Germany. IREIT Global, a newly-formed Singapore REIT, acquired an office complex in Munich and a German portfolio of office buildings let to Deutsche Teleko. Its initial portfolio comprises four German office properties in the key cities of Bonn, Darmstadt, M√ľnster and Munich. Real Capital Analytics reports the sellers are FOM Real Estate and LBBW Immobilien. The purchase price was approximately US$382 million. The second investment was the Quartier Pinus office complex¬†located in the Concorpark business park in Munich-Aschhe

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