UNION Eiendomsinvest Norge AS
UNION Eiendomskapital’s latest property fund, UNION Eiendomsinvest Norge AS, records a total return of 41,4 % since its start-up in December 2010. The fund invests in properties in Norway’s largest cities within the following sectors: office buildings, commercial buildings and warehouses, logistics and industrial property. The objective of the fund is to establish a property portfolio amounting to NOK 1 to 2 billion with a loan-to-asset value ratio of 65 %. The fund is expected to generate an annual return on equity of 8 to 12 %, including an annual dividend of 4 to 6 %.
The fund’s return on investment for the fourth quarter 2012 was 1,8 %.