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 Management Ltd. 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. 010 252 7272 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 HUG#1803772
Pohjola Pankki Oyj: A new fund investing industrial and logistics real estate on the Finnish property market
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