SEB ImmoInvest’s unit value will drop by EUR 0.47 on the 3 May 2017 publication date, falling from EUR 17.62 to EUR 17.15.

The main reasons for the change are the sales effects associated with current large transactions and the recognition of items in the interim financial statements in connection with the fund management being transferred to CACEIS Bank S.A., Germany Branch as of 1 May 2017.

While still the fund manager, Savills Fund Management GmbH signed an agreement to sell a pan-European portfolio of 42 assets as of 28 April 2017. Thirty of these properties belonged to SEB ImmoInvest. The portfolio has an aggregate market value of roughly EUR 442 million. A total of 17 properties had already been recorded as disposals from SEB ImmoInvest’s portfolio and the unit value adjusted in line with this as of 30 April 2017. The sales of the other properties will close in the coming months. The sale of the portfolio was the result of a structured bidding process.

In addition, a single property in Vienna was sold separately and was transferred to its new owner as of 1 May 2017.

Further details will be published in the near future.

As part of CACEIS’s continuing cooperation with Savills Fund Management GmbH, you can still obtain information from: Savills Fund Management GmbH, infoline: +49 69 15 34 01 86, http://www.savillsim-publikumsfonds.de/en, e-mail: info(at)savillsim.de​​​​​​​.