The fund, currently in liquidation, will be handing over its remaining assets to the custodian bank, CACEIS, on 30 April. CACEIS will be responsible their sale.
Of the assets, half are located in the Netherlands, four are in Paris, two assets are in Germany and one is in Vienna.
The Dutch assets, amounting to €136 million, are located across the Rotterdam and Greater Amsterdam areas and comprise of 60,000 square metres of floorspace.
Acquired by Signal Capital Partners, the properties are let to seven companies and provide a stable income, according to Savills IM.
The four Paris office buildings were acquired by Deka Immobilien and J.P Morgan Asset Management France, for above the last determined market value of €387 million, according to the seller.
Located across three separate locations, together they offer 57,000-square metres of space and are currently 87 percent let.
In Germany, Stiftstraße 30, a 4,700 square metre office building in central Frankfurt, was sold to a Munich-based project developer.
According to Savills IM, the asset is suitable for high-rise residential development, and sold for double its current market value, which was not disclosed.
The other German property sold in Unterschleißheim, north of Munich, to a private investor.
The final property in Vienna is a retail space that was refurbished in 2009. Currently 90 percent let, it was acquired by an Australian real estate fund for €38 million.
Carolina von Groddeck, managing director at Savills Fund Management, said: “With the sale of these 14 assets in four countries we successfully managed to considerably reduce the broadly diversified property portfolio. The fund management continues to work on the sale of further assets.”
Of the 14 assets sold, 13 were part of the fund SEB ImmoInvest and one was jointly owned by the fund and SEB Global Property Fund.
The fund, currently undergoing liquidation, still held more than 50 properties at the beginning of April.