PropertyEU

KGAL sells Alba unit to Strauss & Partner

By A staff reporter 2010-01-14T00:00:00

German fund manager KGAL has sold its fully-owned Alba BauProjektManagement unit to the Austrian group Strauss & Partner Immobilien. The transaction is part of KGAL's strategy aimed at focusing on the creation and marketing of closed-end funds, the company said.

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