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Aroundtown buys 11.8% stake in Globalworth Real Estate Investments
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Luxembourg-based real estate company Aroundtown SA acquired an 11.8% stake in central and Eastern Europe-focused office investor Globalworth Real Estate Investments Ltd.
Financial details of the transactions were not disclosed.
London-listed Globalworth's portfolio was worth a total of €2.5 billion as at Dec. 31, 2018, while Aroundtown's commercial real estate portfolio is valued at upward of €13 billion.