SEB Asset Management has launched the SEB Global Property Fund to invest in commercial property around Europe for high-worth clients of UBS Sauerborn. It has already acquired the Centre for Innovative Medicine in Hamburg from Euroland Projects for EUR 44.2 mln. The fund plans to make further acquisitions in Germany and the Netherlands shortly and the aim is for a yield of 6% per year.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
