SEB Asset Management said on Tuesday it is continuing its investment activities in the UK with the acquisition of the Cadbury Schweppes logistics building in Milton Keynes for £28.5mln (EUR 36 mln) . The property is earmarked for its open-ended real estate fund SEB ImmoPortfolio Target Return. The logistics property is let to a subsidiary of the world's largest confectionery manufacturer Cadbury until the end of 2017 and is located halfway between Birmingham and London. Completed in 2005, the property has about 33,200 m[sup]2[/sup] of rental space, of which around 900 m[sup]2[/sup] is office space. The seller is an investment vehicle managed by Axa Sun Life.
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