Successful Refinancing by Trevian Amidst Challenging Market Situation – EY as Advisory Partner
Over the past year, Trevian Asset Management has completed two significant refinancing deals. The combined amount of renewed financing for the Finnish Groceries and Agore Properties portfolios totaled 150 million euros. EY served as legal and financial advisors during the refinancing processes.
Trevian has successfully secured a 41 million euro refinancing for its Finnish Groceries portfolio. The portfolio consists of over 40 fully or partially owned property companies in urban and regional centers across Finland.
This achievement follows the previous year’s accomplishment of a 109 million euro refinancing for the Agore Properties portfolio. Primarily located outside the Helsinki metropolitan area, Agore Properties consists of urban center properties in growing Finnish cities.
Trevian CFO, Minna Jussila, states, “Our active asset management, development, and leasing efforts have been productive as the portfolio occupancy rate is at a historical high. Despite the challenging market conditions, we are extremely pleased with our asset management achievements, which facilitate both long-term strategies and financing for the portfolio.”
Trevian is grateful for the successful advisory services provided by EY. The collaboration has been smooth, and tight schedules have been adhered to. We especially want to highlight their profound understanding of corporate finance and interest rate hedging instruments, which have been particularly valuable in carrying out these processes.