Trevian Asset Management Oy has established a real estate equity fund Trevian Care I. In connection with its first closing the fund has acquired 15 properties from Varma Mutual Pension Insurance Company and Etera Mutual Pension Insurance Company. The investment value of the acquired portfolio is close to €100 million.
Trevian Care I fund’s target size is more than €200 million. The aim is thereby to create the largest real estate equity fund specializing in Finnish care property sector. The portfolio will be built up by acquiring additional care properties or portfolios from the market. The fund is backed by Finnish institutional investors.
”The launch of Trevian Care I –fund is expanding Trevian’s real estate equity fund business significantly. The strategy of the established fund is to invest in Finnish properties suitable for nursing, elderly care, hospice and day care. We see that there is a great growth potential in care property sector in near future. We are also very pleased that we have been able to negotiate bank financing for such an extensive real estate transaction”, comments Reima Södervall, Managing Director of Trevian Asset Management Oy.
Danske Bank Plc, Nordea Bank Finland Plc, Pohjola Bank Plc and Svenska Handelsbanken AB acted as arrangers of the loan facility in the transaction. Nordea Bank Finland Plc acted as coordinator
of the facility.