SEB Asset Management is increasing its real estate exposure in the logistics sector. It has acquired Tulipan Park in Budapest, Hungary for its global open-ended real estate fund SEB Global Property Fund (ISIN: DE000SEB1A96). The purchase price amounts to €19.6 million. The seller is SEGRO, a real estate provider specialising in commercial and industrial space.
Tulipan Park comprises two buildings with rental space of approximately 12,900 m² and 16,400 m² respectively. The state-of-the art storage and office space was completed in 2007 (building 1) and 2008 (building 2). The tenants include international firms such as GEFCO, Puma, Eurogate, M