Creation of fund to acquire and own stabilized office and industrial product in Western Europe.
| Total Capitalization: | €400.0 million |
| Total Equity: | €240.0 million |
| Investor: | €228.0 million (95%) |
| Operator: | €12.0 million (5%) |
| Leverage: | 60% |
| Term: | 5 Years |
| Closing Date: | June 2004 |