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RBS raises $1bn in sale

MENAFN - - 10/10/2012 4:42:12 PM

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RBS raises 1bn in sale

Oct 10, 2012 (Menafn - The Australian Financial Review - ABIX via COMTEX) --Axa Investment Managers has reportedly negotiated to buy two German commercial buildings from the Royal Bank of Scotland. The EUR790m (A1bn) transaction was reportedly made on the instructions of Norway's Norges Bank Investment Management. None of the parties involved have commented on the speculation, however Norges has recently sharpened its focus on European property assets.

Publication Date: 11 October 2012

AXA INVESTMENT MANAGERS
ROYAL BANK OF SCOTLAND GROUP PLC
NORGES BANK INVESTMENT MANAGEMENT
MORGAN STANLEY AND COMPANY INCORPORATED
JONES LANG LASALLE INCORPORATED
CBRE GROUP INCORPORATED
CLIFFORD CHANCE
FRESHFIELDS BRUCKHAUS DERINGER

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