This is the fifth major purchase this year by the fund, managedby Aberdeen Celexa Property Investors on behalf of ten Dutchinstitutions. Earlier this year it bought two distribution centresin Tilburg and Venray, the Netherlands; one in Bedburg, betweenDsseldorf and Cologne, Germany and another close to Paris - Charlesde Gaulle Airport at Mitry-Compans.
The CELOGIX Property Fund invests in Belgium, France, Germanyand the Netherlands, where it has identified 30 distributionhotspots as targets for investment. It aims to have a total fundvalue of 200 million pounds ($180 million) by 2004.
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