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Singapore property investor to raise $600m for EU office fund

Mapletree seeds with UK, Polish and German assets targeting 12% return

Mapletree is accelerating its investments in Europe and the U.S. in addition to Asia.   © Reuters

SINGAPORE -- Singapore-based real estate asset manager Mapletree Investments is looking to raise 500 million euros ($606 million) for its first European office fund, Mapletree Europe Income Trust, a spokesperson told DealStreetAsia.

Launched in January, MERIT expects to hit its target before the end of March and hopes to return 12% on its investments.

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