Amplion Asset Management, the Catella-backed boutique Nordic real estate investment and asset management company, announced today a successful final exit of its Finnish retail fund ANL Kiinteistot I Ky after divesting fund’s last remaining asset in Lahti, Finland.
The fund was launched in 2009, and had 10 assets at the inception with Finnish institutional investors as LPs. Majority of the assets were exited profitably in a short period of time. The now divested, last remaining asset is a former office building of 8.800 m², which will be converted to approx. 15.700 m² residential building coupled with street level retail premises, as well as underground parking. The fund delivered net IRR in excess of 60% for the investors.
“Since 2007, Amplion has focused on project specific funds based on attractive investment opportunities in our home markets. The exit of the ANL fund with very impressive returns shows our strong performance track in project specific funds”, comments Eero Syväniemi, Managing Director at Amplion Asset Management.
Source: Amplion Asset Management