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Saudi Arabia's NCB Capital partners with Fidelity for real estate mandate

Saudi Arabia's NCB Capital has partnered with Fidelity International to invest in core European real estate, as reported by IPE Real Estate.

The US$150 million real estate vehicle, which can be leveraged to invest up to US$300 million, will focus on core and core-plus assets in Germany, France, Benelux and the U.K., according to the report.