In the second quarter of 2019, Evli Fund Management Company Ltd’s non-UCITS Evli Rental Yield (AIF) Fund acquired four commercial properties.
The Fund’s Portfolio Manager Heid Launo: “With these deals we take a significant step forward with executing the fund's strategy. Main tenants in these quality assets include leading companies in their fields like HOK-Elanto, Kesko, Tokmanni and Scandic. The average rent income weighted maturity of the leases is approximately seven years. These acquisitions doubled the value of the fund’s real estate assets.”
The strategy of the non-UCITS Evli Rental Yield Fund, established in April 2018, is to invest in modern Finnish commercial properties that generate a steady cash flow from long-term lease agreements made with solid tenants. During its first year, the Fund has focused especially on modern grocery driven properties that serves its neighborhood.
The Evli Rental Yield Fund is one of Evli Fund Management Company's three real estate investment funds. The two other funds are EAI Residential I Ky, established in 2015, and Evli Healthcare I Ky established in 2018.
For more information, please contact:
Heidi Launo, Portfolio Manager, Evli Fund Management Company Ltd, tel. +358 40 708 9519, heidi.launo@evli.com
