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German property fund SEB ImmoInvest to be unwound

Posted on 08 May 2012

In order to safeguard the interest and equal treatment of all the fund-holders in SEB ImmoInvest, it has been decided that SEB ImmoInvest will be dissolved at the latest as of 30 April 2017. SEB ImmoInvest, a German real estate fund with 132 property investments and total assets of EUR 6bn, is managed by SEB’s asset management company in Germany, SEB Investment GmbH.
SEB ImmoInvest has since it was launched in 1989 been one of the best performing German real estate funds with an average annual return of 5.2 per cent. Following the dislocations in the markets during the financial crisis in 2008 and 2009, the liquidity in the fund was hampered. Thus, in order to safeguard the equal treatment of all fund holders, SEB ImmoInvest was closed for redemptions in May 2010, just as the case for many other German real estate funds . (Press Release)


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