Fidelity’s Eurozone Select Real Estate Fund has completed its first deal in Luxembourg market by acquiring a €100m (£87.5m) modern office building in close proximity to the country’s international airport.
The acquisition marks a significant drawdown of capital from Fidelity’s €300m capital raising last year, leaving €85m to be invested. It is the fund’s first entry to what Fidelity describe as a “highly liquid micro location that is experiencing strong growth”.
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