Property fund manager Standard Life Investors said it has begun fund-raising for a third tranche of equity for its European Property Growth Fund. The third round of fund-raising comes as Standard Life announced the second tranche of the fund had been fully invested following investments in four properties for approximately EUR 80 mln in Sweden and Belgium. The investments consist of warehouse terraces in Falun and Kungsbacka, Sweden along with a recently modernised office property in Brussel’s central business district and a light industrial estate close to Antwerp.
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