Special investment fund Trevian Finland Properties I has on May 12, 2021 signed the sale of a real estate portfolio of three assets in Finland to Cibus Nordic Real Estate AB (publ). The transaction is targeted to close on May 17, 2021.

The assets have a lettable area of approx. 16,000 sqm and are located in the Jyväskylä, Turku and Mikkeli regions. The largest asset is located in Muurame, Jyväskylä region, is built in 2016 and has Lidl and HalpaHalli as anchor tenants. The other two assets are anchored by S Group. The weighted average lease maturity of the portfolio is close to seven years.

“These are high quality assets in a stable and defensive segment of the real estate market”, comments Risto Aro, Director of Real Estate Investments at Trevian Funds AIFM. “However, as our fund has an ambitious return target, implementing our investment strategy sometimes means exiting certain assets at the right price and putting the money to work elsewhere. We are very happy about this transaction with Cibus that allows both parties to effectively execute their investment strategies”, Director Aro continues.

“The assets suit our portfolio extremely well. The locations in strong city regions in Finland are good and anchor tenants Lidl, S Group and HalpaHalli add diversification to our strong tenant mix”, comments Sverker Källgården, CEO of Cibus.

 

ADDITIONAL INFORMATION:

Risto Aro, Investment Director, Partner
Trevian Funds AIFM Ltd
+358 50 420 3950
risto.aro@trevianrahastot.fi

Emilia Riikonen, CEO & Partner
Trevian Funds AIFM Ltd
tel. +358 50 501 2481
emilia.riikonen@trevianrahastot.fi

 

Trevian Funds AIFM was established in 2017 and it has a license under the AIFM Directive. The company is based on Finland’s strongest property portfolio management expertise. Non-UCITS Trevian Finland Properties I is its first fund to invest in strong cash flow and development potential, as well as reducing the carbon footprint of its holdings.