SEB ImmoInvest to distribute over €326 mln (EU)

Investors in SEB ImmoInvest are to receive a special payout of €2.80 per unit certificate on 8 May 2015. The fund management company is distributing a further €326 million as part of the second payout to be made in the year to date. This corresponds to around 9% of current Fund assets.
The additional, unscheduled payout became possible following the successful completion of a total of nine property sales. In February, an office building in Chicago was sold. In addition, eight office properties were transferred to their new owner, North Star, on payment of the purchase price in April.
This is the seventh payout that has been made as part of the orderly liquidation of the open-ended real estate fund and brings the total amount distributed within the past 36 months to over €2.3 bln, or approx.. 39% of the original Fund assets.
Source: SEB ImmoInvest

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