17 joulukuu 2010

New Fund launched by Amplion Asset Management Oy acquires a real estate portfolio of nearly 100 m€ from Varma Mutual Pension Insurance Company

Press release 17.12.2010, Helsinki, Finland

Amplion Asset Management Oy has launched a new property investment fund named ARIF I Ky. The Fund acquires a real estate portfolio of 49 properties from Varma Mutual Pension Insurance Company. The portfolio consists of mainly retail properties with the total leasable area of approx. 127.000 sqm.


The investment value of the portfolio amounts approximately 100 m€ and the target investment value of the Fund is 150 m€. Behind the Fund there are Finnish institutional investors.


“This transaction is very important for us especially under current market circumstances and it strengthens our investment management business model significantly. Our target is to create a well diversified retail portfolio with a strong cash flow. The portfolio acquired from Varma fulfills both the diversification and the cash flow targets and provides our investors with a stable cash flow from the very beginning of the fund. We are also extremely satisfied, we have been able to negotiate an optimal bank financing for a transaction of such size”, comments Reima Södervall, the Deputy Managing Director of Amplion Asset Management Oy.


Nordea and Sampo Bank acted within the transaction as the arrangers of the loan facilities.

 

For further enquiries, please contact:

Reima Södervall, +358 50 5370099, email: reima.sodervall@amplion.fi

 

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Amplion Asset Management offers tailored and creative property investment solutions for institutional and private investors in selected European markets. Amplion clients are both international and domestic institutional investors, private investors and companies. The Amplion Group has today more than EUR 1 billion of assets under management.

Amplion is part of the Catella Group. Catella is an independent European finance group specialising in Financial Advisory Services, Asset Management and Banking. Operations are pursued in independent but closely co-operating subsidiaries governed by their own boards. Catella has some 400 employees in 14 European countries. Catella is listed on, NasdaqOMX - First North and is traded under the ticker symbol CAT A and CAT B.