Evli's real estate development fund Elite Finland Value Added Fund II Ky has sold a portfolio of seven industrial properties to a company owned by Fastighet Ab Balder. The combined leasable area of the properties is approximately 25,000 square meters, and they are located in Oulu, the Pirkanmaa region, Seinäjoki, and Kuopio.
“This was our fund’s third divestment since last autumn, when we began actively exploring sale opportunities for properties in our closed-end fund. We have now sold all of our commercial properties outside the Helsinki metropolitan area, with the exception of one development property located in Turku. The sale was in line with the fund’s objectives, and the project’s return exceeds the fund’s target return,” says the Head of the Real Estate Development Fund team Harri Palosaari.
Additional information:
Harri Palosaari, Director, Portfolio Manager, Evli Fund Management Company Ltd
tel. +358 40 660 3331, harri.palosaari@evli.com
