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M&G Real Estate purchases 2 logistics properties

09 November 17 - Irene Theofanidou
M&G Real Estate purchases 2 logistics properties

COMPANIES

GAIAOSE S.A.

Agency - GREECE

ETAD.A.E.

Public entity - GREECE

Solum Property Solutions

Consultant - GREECE

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

NAI Hellas

Consultant - GREECE

PEOPLE

M&G Real Estate Asia, the real estate fund management arm of M&G Investments, has acquired two logistics properties for a total sales price of $211 million.

 

The acquisitions were made on behalf of M&G Real Estate’s core Asia property strategy, managed by Richard van den Berg.

The logistics assets include the Homeplus Hub Logistics Centre in South Korea, acquired for $136 million, and Higashi Ogijima Logistics Centre in Japan, purchased for $75 million.

M&G’s core Asia property strategy has increased over the last few years and had more than $3.2 billion in assets as of June 30, 2017.

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