Deutsche Bank's RREEF has sold the Europahuset office property in Stockhom to Swedish pension fund AMF for an undisclosed amount. The German investor bought the property back in 2003 for its Grundbesitz Global open end real estate fund from Drott for SEK 800 mln (around EUR 88 mln). Catella advised the seller on the deal, which is expected to complete on April 1, 2009. The latest appraisal values the property at EUR 83.5 mln.
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