Ninth distribution on January 29, 2016

Investors in the SEB ImmoInvest Fund will receive their ninth capital repayment of EUR 3.00 per unit on 29 January 2016. This brings the amount paid out since the beginning of the dissolution process by Savills Fund Management GmbH, part of the international real estate investment manager Savills Investment Management (Savills IM), to EUR 23.05 per unit certificate, or circa EUR 2.69 billion in total. In addition, real estate loans totalling approximately EUR 1.8 billion or 74 per cent of the loan portfolio at the time have been redeemed.

The payments are being made as part of the orderly liquidation of the open-ended real estate fund, which provides investors with half-yearly repayments.
The basis for the payment in January is the completion of the sale of 17 properties in Potsdamer Platz in Berlin. At the same time, loans of approximately EUR 360 million were redeemed on schedule as part of the sale of the Potsdamer Platz portfolio.

In addition to its objective of making the largest possible payout to investors, the Fund management is ensuring the continued orderly management of the Fund. The liquidity remaining in the Fund following the distribution is needed in order to meet its future expenses and obligations (e.g. tax payments on capital gains) and to redeem additional loans in preparation for upcoming transactions.

Following the disposal of the 17 properties in Potsdamer Platz in Berlin, the Fund’s real estate portfolio now comprise 83 properties in 16 countries with a total volume of circa EUR 2.9 billion. The bulk of the properties are in Europe and Germany. The Fund management is currently negotiating further sales; in addition to individual transactions, the main focus is on further portfolio deals. The tenth distribution is planned for July 2016.