Article: AREA closes portfolio purchase.(On The Real Estate Scene)

F&C REIT Asset Management, in conjunction with AREA Property Partnets, has exchanged contracts to complete the acquisition of the 3,410,000 s/f Dawnay Day portfolio in the UK. The purchase price was not disclosed. The new joint venture investment vehicle arranged and managed by F&C REIT Asset Management is between Trafalgar Overseas Ltd, advised by F&C REIT Asset Management, and Apollo European Real Estate Fund III, managed by AREA Property Partners.

The much sought after portfolio consists properties, ...

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