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BGP sells European property portfolio for €1.1bn

BGP Holdings has sold its European property portfolio, BGP Investment, to purchasing vehicles advised by Morgan Stanley Real Estate Investing for more than €1.1bn including debt.
By Kasmira Jefford
October 21, 2016 | 1:55 P.M.

BGP said funds available for distribution after deduction of net debt and transaction expenses are expected to be close to 600m and the final proceeds will be determined on the basis of closing accounts.

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News | BGP sells European property portfolio for €1.1bn