Liquidation sales for €6bn German fund

摘要

SEB Asset Management is to liquidate Germany's largest open-ended property fund - the €6bn SEB Immolnvest portfolio - in response to investor requests for redemptions. SEB Immolnvest will be wound up within five years following investors' demands to withdraw money that "considerably" exceeds its liquidity. The fund owns 132 properties, including 19 on Berlin's Potsdamer Platz, and assets in Paris, Singapore and Rome. Frankfurt-based SEB Asset Management said in a statement: "Despite all efforts, the liquidity required could not be met without jeopardising the quality and structure of the SEB Immolnvest portfolio."