Sponda becomes partner in real estate fund (FI)

Sponda Plc and JER Europe Fund II Holdings S.Á.R.L. have signed an agreement for the establishment of a real estate fund. The fund will invest principally in office and retail properties in Finland's mid-sized towns and cities.

Sponda holds a 20% stake in the fund, which has a target size of €150-400 million. Sponda will be responsible for providing management services both to the fund and the properties it acquires.

Source: Sponda

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