SEB ImmoPortfolio Target Return Fund acquires Philips Building in Poland (PL)

SEB Asset Management has acquired an office building in Lodz, Poland, for its SEB ImmoPortfolio Target Return Fund mutual fund (ISIN: DE0009802314). The seller is Philips Polska Sp. Z o.o., a subsidiary of Royal Philips Electronics. The parties agreed not to disclose the purchase price.

The Philips Building constructed in 2006 has total rental space of 6,534 m². Originally planned by Philips as its European Service Center, today the class-A property is used by Infosys Technologies Ltd. It has been let to the business IT services provider, whose clients include Philips, until at least 2012.

The property's address

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