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Property Investor Europe News

US gov-linked L88 enters Europe with $94m Prague Orco buy

20 May 2012, 01:41 PM

The newly-restructured Orco Property has sold the Radio Free Europe/Hagibor Office Building in Prague to a unit of US firm L88 for about $94m. It marks the entry into Europe of the Newport Beach, CA.-based L88, which specialises in strategic assets leased by the US Department of State.