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Frankfurt's SEB AM pays E108m for Madrid office
SEB Asset Management, the Frankfurt-based investment manager of the Swedish banking group, has paid a total E108m for an office building with a long-term lease in Las Rozas de Madrid, Spain, for its open-ended real estate fund SEB ImmoPortfolio Target Return Fund. Seller was local savings bank Caja Madrid. (See upcoming PIE Editions for full story)