Pohjola Pankki Oyj: A new fund investing industrial and logistics real estate
on the Finnish property market
Suomi Toimitilakiinteistö Ky, a real estate fund founded by Pohjola Property
Management Ltd, pooled in its first closing capital worth 40 million euros
from Finnish institutional investors. A total of 8 million institutions
invested in the fund, showing great interest in the fund. On 26 June 2014, the
fund acquired Finnish industrial and logistics real estate, amounting to
roughly 100 million euros.
- The fund provides our clients with access to the Finnish commercial property
market and supplements the range of our products for domestic housing
investment and residential construction contracting, in addition to our funds
investing abroad. Great interest shown in the fund is proof of our clients'
trust in us, says Markku Mäkiaho, Managing Director of Pohjola Property
According to the fund's strategy, the fund invests in property with
higher-than-average returns, mainly in that generating long-term cash flows.
The semi-open-ended fund is a limited partnership with an exit mechanism. This
provides investors with a more flexible solution for investing in the property
market than a close-ended fund.
- Finnish institutional investors have continued to show great interest in
property investments because they offer a steady cash flow. This new type of
fund is proof of Pohjola Property Management Ltd's ability to introduce
innovative solutions for property investment, says Pasi Vuorinen, Head of
Institutional Clients, Pohjola Asset Management.
For more information, please contact:
Pasi Vuorinen, Head of Institutional Clients, Pohjola Asset Management, tel.
010 252 2133
Markku Mäkiaho, Managing Director, Pohjola Property Management Ltd, tel. 010
Pohjola Property Management Ltd is part of Pohjola Group and OP-Pohjola
Group.It has a staff of 14 property investment professionals with long
experience in direct property investment and real estate fund investment.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Pohjola Pankki Oyj via Globenewswire
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