SEB Asset Management lifted the suspension of unit redemption for the SEB ImmoInvest open-ended real estate fund on 29 May 2009, in line with its previous announcement that it would not be utilising the full statutory suspension period of nine months. SEB said that positive signals from sales partners and the improved liquidity situation have prompted the fund's management to allow redemption to be resumed.
SEB Asset Management lifted the suspension of unit redemption for the SEB ImmoInvest open-ended real estate fund on 29 May 2009, in line with its previous announcement that it would not be utilising the full statutory suspension period of nine months. SEB said that positive signals from sales partners and the improved liquidity situation have prompted the fund's management to allow redemption to be resumed.
Since the redemption of unit certificates was suspended at the end of October 2008, the fund's liquidity has been improved by inflows of funds of more than EUR 180 mln. Together with loan commitments for properties that can be drawn down at short notice, the fund has available cash funds of more than EUR 1.1 bn.
