SEB Global Property Fund acquires logistics property in Budapest (HU)

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

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