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Article: AREA closes portfolio purchase.(On The Real Estate Scene)
- Article from:
- Real Estate Weekly
- Article date:
- March 25, 2009
CopyrightCOPYRIGHT 2009 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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, ...