Home Recent News Re-Pie Sets up its First Shopping Center Fund

Re-Pie Sets up its First Shopping Center Fund

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Re-Pie Sets up its First Shopping Center Fund

repie-portfolio-managementThe Capital Markets Board (CMB) has given permission to the company RE-PIE Real Estate Portfolio Management to establish and make issues through its Novada Outlet Söke, Novada outlet Tokat and Novada Akhisar Organized Commercial Unit Funds. Together with the three funds – the total value of which is expected to be around 180 million Euros – the number of funds belonging to RE-PIE has risen to 6 and the total number of funds in the sector has reached 17.

Re-pie to distribute profits every 3 months

Novada Outlet Söke, Novada outlet Tokat and Novada Akhisar Organized Commercial Unit Funds, which are the first shopping center funds of Turkey, will invest exclusively in shopping centers where there are currently tenants and where the rent is known and distribute profits every three months.

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