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Corum Asset Management buys retail asset in Pori

Corum AM has, on behalf of its fund Corum Convictions SCPI, closed its first transaction acquiring the recently constructed retail asset at Horninkatu 1 in Pori for approx. €9 million. Renger Investment Management (RIM) is increasing its presence within the Nordic real estate market through its strategic cooperation with Corum Asset Management. During 2017, RIM has developed its relations with the rapidly growing French investor Corum AM and the first transaction is now closed.
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”The cooperation with Corum complements the investment criteria of RIM´s existing investor clients and opens up for working with long let real estate across the region. The cooperation with Corum is in line with RIM´s strategy to engage together with financially strong and well renowned real estate investors in the Nordic region. RIM looks forward to the continued cooperation with Corum,” comments David Renger, CEO of RIM further.

The property is let on long leases to the sporting goods retailer XXL and the consumer electronics retailer Gigantti. RIM has advised and sourced the investment on an off-market basis and the property was acquired from the Finnish construction and real estate development company SSR Group.