BPT expands its real estate operations through strategic partnership
30 September 2011
In an agreement signed yesterday 29 September 2011,
Danish-based BPT Asset Management A/S (BPT) has entered into a
strategic partnership with Finnish-based Evli Bank Plc. (Evli). The
partnership will expand BPT's real estate investment platform to
encompass the Baltic Sea.
The new partnership means BPT/Evli will become the third largest
real estate asset manager in the region in terms of assets under
management. The combined real estate assets under management in the
new partnership total approximately EUR 1.5 billion and are located
across Finland, the Baltics, Russia, Poland and Northern Germany.
They cover primarily office, retail, logistics and health care
As part of the transaction, BPT will take over Evli's
current real estate business, Evli Property Investment (EPI)
including management of its three real estate funds. Evli will in
return become a major shareholder in BPT Asset Management A/S.
The existing EPI team based in Helsinki, Finland will become part
of BPT and EPI's current Managing Director Petteri Nurminen will
enter into BPT's executive group. In addition, Evli Bank's CEO
Maunu Lehtimäki and Forbia Oy's CEO Petri Olkinuora will be
appointed as Evli's representatives on BPT's Board of Directors.
BPT founder Lars Ohnemus will remain as Chairman of the Board and
Mikael Hyttel Runegaard Thomsen will remain as CEO of BPT Asset
BPT will as part of the transaction look to separate its internal
asset and property management functions in order to create an even
stronger focus on value creation in both areas.
A strong platform
The expanded geographic scope of operations combined with the
extended real estate asset and property management expertise means
BPT will have a uniquely strong platform from which to service
investors on an international level going forward.
- "The strategic alliance with Evli and the acquisition of the EPI
funds makes BPT the only real estate asset manager that can offer
clients a uniquely broad real estate investment platform in the
Nordic and Baltic region, ranging from mature markets like Finland
and Northern Germany to emerging markets like Russia and the Baltic
States. The asset management team alone will consist of more than
30 senior real estate professionals from more than 10 different
nationalities all focused on creating value for our investors,"
says Chairman of the Board and founder of BPT Lars Ohnemus.
- "This transaction strengthens Evli's position within real estate
asset management in the Nordic countries. Through the transaction
we can offer our clients new resources and the long time experience
BPT has in investing in real estate. The position and expertise of
the new combined team will help attracting more international
investors into the funds," states Evli's CEO Maunu Lehtimäki.
For further information, please visit www.bptam.com or
• Lars Ohnemus, BPT Chairman of the Board, Click her to email, +45 33 69 07
• Bettina Knudsen, Head of Investor Relations
& Marketing, Click here to
email, +45 28 14 59 33
BPT is an international real estate asset manager
specialising in Northern and Eastern Europe with approx. EUR 1.1
billion in assets under management. The portfolio consists of more
than 1 million square meters of prime commercial real estate. A key
part of the investment philosophy is to be present where the
investments are made. BPT is headquartered in Copenhagen with local
offices in Berlin, Warsaw, Vilnius, Riga, Tallinn and Moscow. The
company has approximately 100 employees. BPT is a member of INREV
and SIPA. Visit us at www.bptam.com.
About Evli Property Investments Ltd
Evli Property Investments Ltd has been a fully-owned
subsidiary of Evli Bank Plc. The main function of Evli Property
Investments Ltd is to manage, develop and innovate Evli's real
estate fund business. EPI established the first Finnish real estate
fund in April 2005. The company manages a total of three property
funds totaling EUR 400 million in assets under management.
Click here to download as
Photo Maunu Lehtimäki (CEO Evli
Bank Plc.) and Mikael Thomsen (CEO BPT Asset Management
Photo Evli and BPT team
from left to right: Maunu Lehtimäki CEO Evli Bank Plc., Johanna
Lamminen CFO Evli Bank Plc., Henrik Andersin Chairman of the Board
Evli Bank Plc., Lars Ohnemus Chairman of the Board BPT Asset
Management A/S, Mikael Thomsen CEO BPT Asset Management A/S, Algis
Vaitiekunas Partner BPT Asset Management A/S.
Photos by Martin