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.
Listed REITs and banks, British Land, Capital & Regional and Wells Fargo, bought and sold four shopping centres and retail parks this week.
