Eastern European Markets
February, 8. 2006

Evlis’s EPI Baltic I acquired production facility from Estonia

Evli’s real estate equity fund Evli Property Investments (EPI) Baltic I Ltd has acquired a production facility from Estonia on 6 February 2006. The property was bought from the Baltic mezzanine fund AS Hanseatic Capital and it is located outside of Tallinn in the Saku community. It was built in 2003 and has a gross area of 5,000 m2. Stora Enso Packaging AS is the tenant and user of the facility.

"This property fits the investment strategy of EPI Baltic I perfectly, as the aim is to build a well diversified property portfolio both geographically and by premise types, that creates strong cash flow, explains Petteri Nurminen, the Managing Director of Evli Property Investments Ltd.

Finland’s first real estate equity fund EPI Baltic I Ltd was established in April 2005 and it invests in the real estate markets in the Baltic region. The fund was closed in early December when its equity finance reached the pre-set EUR 50 million maximum. With this equity capitalthe target size of the fund’s real estate portfolio at the end of the investment period will be around EUR 150 million.

EPI Baltic I made its first investment in December last year, as it acquired the Grand Duke Palace shopping center in central Vilnius. The portfolio manager of EPI Baltic I is Catella Property Oy.

For further information:
Petteri Nurminen, Managing Director
Evli Property Investments Ltd
tel. +358 9 4766 9271

Compiler´s choice - More News Releases

Archive 2005. News Releases

 TERMS & CONDITIONS / KÄYTTÖOIKEUDET. © Oy Compiler Ab. All rights reserved.