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28 May 2012

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SEB ImmoInvest sells in Milan, Brussels for E125m

Frankfurt-based SEB Asset Management, an arm of the Nordic financial services group, has sold two properties from the portfolio of its ImmoInvest open-end property fund. The assets in Milan and Brussels were sold at a profit for a total E125m, above market values. The Milan property, Via Dante 15, has generated a yield of 10.9% since acquisition in 1999.

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