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
