Lumi Capital and EEREIF Management AS have entered into an advisory agreement, whereby Lumi Capital will offer investment management services regarding the management and sale of EEREIF’s assets until its liquidation. As part of the assignment, Lumi Capital partner Raiko Uri will serve as a management board member in 15 of the fund’s subsidiary companies.
EEREIF is a regulated real estate fund launched in 2005. EEREIF has a EUR 40 million property portfolio consisting of 14 individual assets in four countries. The largest assets of the fund are the Swiss House office property in downtown Tallinn and Telliskivi Creative City, a destination entertainment, retail and office area.