Trevian divests a retail property portfolio of €34 million
Trevian Asset Management’s two Retail Sector Property Funds, Trevian Retail Fund I and Trevian Retail II, have today sold six retail properties to Sirius Fund II. The properties are located in the Helsinki Metropolitan area as well in other fast growing urban areas in Finland. The properties are currently leased to S Group’s and K Group's retail stores, the largest property being Citymarket Savonlinna. The transaction price was little over EUR 34 million, corresponding to a yield of about 6.0 - 6.5% depending on the location of each property. Trevian’s Retail Funds book a sales gain of