VPG vodafone group plc.
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Valad becomes new investment manager of European Commercial Real...

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    27/04/10
    08:10
    Post #: 6618304
    Valad becomes new investment manager of European Commercial Real Estate Ltd

    Source: News Bites


    Valad Property Group says its European business, Valad Europe plc, a pan-European multi-let specialist has been confirmed as the new investment manager of European Commercial Real Estate Ltd (ECRE).

    The vehicle was formerly known as Kenmore Europe Ltd. ECRE's eu250 million ($A360 million) portfolio comprises 53 properties spread across the Nordic region, Germany and the Netherlands.

    Valad has secured a five-year mandate to provide investment management services for the mixed commercial portfolio. Base fees are in line with current mandates and include performance fees for value creation.

    VPG Price at posting: $2.40 Sentiment: Hold Disclosure: Held
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