Avance advised the special common fund Mandatum AM Finland Properties II in a secured syndicated financing arrangement with a group of Nordic banks. The new financing partners, Danske Bank, SEB and Swedbank, are offering the special common fund Mandatum AM Finland Properties II a mortgage-backed loans in order to restructure the current loan and enable the fund’s future growth.

The special common fund Mandatum AM Finland Properties II invests in Finnish real estate in regional growth centres. The fund’s investment philosophy centres on properties that require an active approach and offer good cash flow and which often have longer-term development potential.

The EUR 194 million financing arrangement that was concluded will enable growth for the special common fund Mandatum AM Finland Properties II as well as reinforce the status of special common funds in Finland’s real estate sector.