MUNICH - Britain's Cambridge Place Investment Management (CPIM) has bought a European office portfolio for approximately EUR 650 mln. The portfolio consists of 12 properties spread across France, Italy, Finland and the Netherlands. The total lettable space of the portfolio is 189,000 m2, which brings in a total annual rent of about EUR 33.8 mln. Jones Lang LaSalle advised CPIM on the transaction. CPIM, established in 2002 and with offices in Boston and London, specialises in the structured finance product market, mainly Asset-Backed Securities.
MUNICH - Britain's Cambridge Place Investment Management (CPIM) has bought a European office portfolio for approximately EUR 650 mln. The portfolio consists of 12 properties spread across France, Italy, Finland and the Netherlands. The total lettable space of the portfolio is 189,000 m2, which brings in a total annual rent of about EUR 33.8 mln. Jones Lang LaSalle advised CPIM on the transaction. CPIM, established in 2002 and with offices in Boston and London, specialises in the structured finance product market, mainly Asset-Backed Securities.
