Since the beginning of the fund liquidation in May 2012 SEB ImmoInvest has distributed a total of approximately EUR 4.4 billion to investors. This corresponds to approximately 74 % of the Fund’s assets as of the date when the management mandate was terminated. Since the last distribution no further properties have been sold. As a result, no distribution will be made in December 2018.

Various marketing processes are currently underway. We are therefore confident that we will be able to realize further sales in the near future. SEB ImmoInvest currently still has 14 properties in its portfolio, for which continuous active asset management is used to create the best possible conditions for the sale.

Further distributions will be carried out, once further properties of SEB ImmoInvest’s portfolio can be sold and risks have declined over time. Sufficient liquidity reserves must be retained to meet all obligations. Retaining liquidity reserves allows the Custodian Bank to provide for potential future claims from tax authorities as well as granted warranties and guarantee claims. As before, we will inform the investors as soon as properties are sold. The Custodian Bank decides about the timing and the amount of the next distribution.