Fund manager DEGI buys $247 mln Polish business park

LONDON (Reuters) - DEGI, a fund management unit of Aberdeen Property Investors, has bought one of Warsaw's biggest business parks for 167 million euros (135 million pounds) in a bid to boost its exposure to Poland's fast-growing economy.

The 43,700 square metre Marynarska Business Park was bought from developer Ghelamco on behalf of investors in DEGI's open-ended international property mutual fund.

The newly built property is 99 percent let to Polish and international tenants specialising in the services sector, DEGI said in a statement. Yield details were not disclosed.

"By the Marynarska Business Park, we have acquired another profitable property for DEGI International in the biggest growth market of the European Union's Eastern European member states," Barbel Schomberg, Chief Executive of DEGI's management board said in a statement.

"This investment supports the strategic expansion of our portfolio, as well as its profitability," Schomberg said.

(Reporting by Sinead Cruise; editing by Rory Channing)