Helsinki-based Trevian Asset Management has established a new retail property fund which has acquired a 41-asset portfolio in Finland.
Helsinki-based Trevian Asset Management has established a new retail property fund which has acquired a 41-asset portfolio in Finland.
The financial details of the transaction were not disclosed but Trevian Asset Management's overall assets under management rose from about €400 mln to about €450 mln following the deal.
The fund, Trevian Retail II, purchased the portfolio from Luxembourg-registered MK European Capital Partners. All assets are located in Finland with a strong focus on retail. The main tenant is listed Finnish retail conglomerate Kesko.
Trevian Retail II is a fully invested private equity fund focusing solely on managing, developing and selling the assets under management. The investors are Finnish institutions and the bank financing is arranged by Nordea Bank Finland.
