Finland's property company Sponda said on Friday it is launching a new real estate fund, the Sponda Real Estate Fund II Ky. The new investment vehicle will target investment of about EUR 200 mln, and will have an initial portfolio of EUR 70 mln. The fund will invest primarily in logistics, warehouse and industrial properties in medium-sized towns in Finland. Sponda will manage the fund.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
