Evli's EPI (Evli Property Investments) Baltic I fund has made its fifth investment, acquiring a retail building in Tallinn in a transaction signed on 19 September 2007. The building was completed in 2007 and is located at A.H. Tammsaare tee 49. It has a floor area of approximately 11,000m2. The building in its entirety is leased to Rautakesko AS, which
operates a K-Rauta hardware store in it.
"Considering the market, the property is an excellent cash-flow investment with a high-standard tenant and a long lease. It is a perfect fit in the EPI Baltic I real estate portfolio," says Maria Söderman, Investment Manager at Evli Property Investments Ltd, the fund's management company.
Founded in April 2005, EPI Baltic I is the first Finnish real estate equity fund and it invests in the Baltic real estate market. The fund was closed finally in December 2005 when its equity commitments reached the preset EUR 50 million maximum.
Previous to the current deal, EPI Baltic I had made four investments. The fund owns a commercial building in the centre of Vilnius, a production facility in the municipality of Saku outside Tallinn, the De La Gardie shopping center in Tallinn and a logistics facility, also in Tallinn. The portfolio manager of EPI Baltic I is Catella Property Oy.
Further Information :
Maria Söderman
Investment Manager
Evli Property Investments Ltd
tel. +358 9 4766 9348
Petteri Nurminen
Managing Director
Evli Property Investments Ltd
tel. + 358 9 4766 9271
Evli Bank Plc is an independent investment bank whose clients are entrepreneurs, corporate executives and investment professionals. Evli was established in 1985, and has ever since been a pioneer and trailblazer in the rapidly developing capital markets. Evli owes its leading position to its strong expertise and experience, and its ability to find new solutions for clients in fluctuating markets.
Evli's primary market is the Baltic Sea region. In this area, the company operates in Finland, Sweden, the Baltic countries and Poland. Evli also has offices in Luxembourg and through its joint venture Nordic Partners, Inc. in New York. In order to create the maximum added value for its clients, Evli builds long-term relationships based on mutual trust.
Evli Group's equity capital totals EUR 65,6 million and the BIS capital adequacy ratio stood at 15.7% on 30 June 2007.
Evli Group employs approximately 340 people.
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