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.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
