The real estate development company has accepted all incoming bids and intends to use the capital raised to carry out logistics and industrial developments in Hungary in the coming years.
Investors have bought Faedra II, a Faedra Group company, for a total of EUR 17 million. Real Estate Development Fund, managed by Faedra Fund Management Ltd. provides. The subscription closed on 28.06.2024 and was made in a closed-end closed-end real estate fund with an outstanding return potential.
The capital raising and distribution will be handled by Concorde Értékpapír Zrt. provided.
“The current successful capital raising confirms the Faedra investor confidence, based on our professional competence, our ability to deliver on our past return promises and our superior return potential. Enable This will furtherstrengthen our company’s logistics business,continue our successful industrial logistics development projects of the past years andexploit the opportunities identified in the asset class,” said Bence Boronkay, Founder-CEO of Faedra Group.
“The current capital raising has been carried out with the maximum amount originally set and all subscription offers accepted. After successful subscription, the Manager can start implementing the objectives of the Management Regulations.” – added Nikolett Majorosi, Director of Faedra Fund Management Zrt. CEO.
The Faedra Group is a Hungarian privately owned real estate development group, active in industrial, logistics and residential developments.
Successful industrial-logistics investments developed by the company, such as the Faedra Park in Inselszentmiklós or the Faedra22 Park in Budafok-Nagytétény (located in Budapest), have found buyers with maximum occupancy.
The company will continue to develop its existing asset classes and is exploring entry into other areas. Its aim is to deliver projects that provide investors with maximum returns while taking rational risks.
Faedra Fund Management Ltd. is a member of the Faedra Group, which manages real estate funds and provides real estate investment opportunities for private and institutional investors through closed-end real estate funds. The group also has its own construction division.