Evli Fund: Divests Two Key Properties in Porvoo and Kotka
Deal News | May 21, 2025 | Evli Fund Management Co Ltd
Evli Fund Management Co Ltd's Real Estate Development Elite Finland Value Added Fund II Ky has completed the sale of two commercial properties situated in Porvoo and Kotka. The total leasable area for both properties is approximately 8,000 square meters, and they have both been acquired by the same undisclosed buyer. Harri Palosaari, the Head of the Evli Real Estate Development Fund team, noted optimism in the real estate sector, citing strong investor demand for quality properties generating reliable cash flow. The divestment aligns with the firm's strategy to streamline its portfolio, and Evli anticipates continuing such divestments in the foreseeable future.
Sectors
- Real Estate
- Investment
Geography
- Finland – Both properties involved in the transaction are located in the Finnish cities of Porvoo and Kotka, situating the transaction geographically in Finland.
Industry
- Real Estate – The article discusses the sale of commercial real estate properties by a real estate fund, highlighting investor demand and market activity.
- Investment – Evli represents an investment management company engaged in strategic divestments, demonstrating the organization's investment management activities.
Financials
- 8,000 square meters – Total leasable area of the two commercial properties that were sold.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Evli Fund Management Co Ltd | Seller | Company | A fund management company responsible for managing the Evli Real Estate Development Elite Finland Value Added Fund II Ky and initiating the sale. |
| Harri Palosaari | Head of the Real Estate Development Fund team | Person | An official from Evli who commented on the transaction and the firm's strategic divestment plans. |