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28 May 2012

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German GLL fund wins E308m in club debt for CEE

The property fund Accession Fund SICAV, managed by Munich-based GLL Real Estate Partners, a firm backed by Italian insurance giant Generali, has won E308m in club debt finance for an office and logistics portfolio in central and eastern Europe from pbb Deutsche Pfandbriefbank, UniCredit Bank Austria - which provides half of the amount - and Vienna-based BAWAG.

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