Euragone transfers EUR 953m worth of properties to OPCI funds

By A staff reporter 2009-01-09T00:00:00+00:00

Euragone, the French asset manager for Union Investment Real Estate, has transferred five real estate properties to newly established OPCI non-listed investment vehicles, for a total value of EUR 953 mln. The buildings were formerly owned by Union Investment Real Estate, French paper Business Immo reported on Friday.

Euragone, the French asset manager for Union Investment Real Estate, has transferred five real estate properties to newly established OPCI non-listed investment vehicles, for a total value of EUR 953 mln. The buildings were formerly owned by Union Investment Real Estate, French paper Business Immo reported on Friday.

Euragone was the first company authorised to create and manage an OPCI vehicle in France in October 2007.