PropertyEU

RREEF buys California office for $65m

By A staff reporter 2011-04-27T00:00:00

Deutsche Bank's RREEF investment arm has made a foray into the US property market with the purchase of a fully-leased office building in downtown Palo Alto, California from Embarcadero Capital Partners. The transaction price amounted to $65 mln (EUR 45 mln)

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