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HDG Mansur expands European portfolio
01 March 2006
Within the past 12 months, HDG Mansur has broken into the Swedish and Swiss real estate markets by spending nearly €100 million in two significant deals. The company, which already has an extensive portfolio in the UK, now aims at targeted growth across continental Europe, planning to make acquisitions in Germany, France, Holland, Spain, Poland and the Czech Republic within the coming year.
HDG Mansur's recent acquisitions include the purchase of a €29 million warehouse property in Niederbipp, central Switzerland in December 2005. In February 2005, HDG Mansur also acquired the Ericsson divisional headquarters in Stockholm, Sweden in a deal worth over €66 million. The acquisitions were made on behalf of the HSBC Amanah Global Properties Income Fund, which HDG Mansur cosponsors and manages. This is the largest and only open-ended Shariah compliant fund in existence.
Chairman and CEO of HDG Mansur, Harold D. Garrison said: "HDG Mansur aims to further increase its European diversification in 2006. We are specifically looking for single assets valued at €20 - €75 million and portfolios valued at €50 - €250 million. We are seeking quality leased office space, as well as industrial, retail and residential developments with added value potential."
In the past three years, HDG Mansur has advised its clients in the acquisition of global properties worth in excess of €1.6 billion.