Lewben Investment Management is establishing a closed-end real estate fund for informed investors. It is planned that the asset value managed by the fund will reach about 60 million euros. Its duration is estimated to be from 7 to 9 years, the fund focuses on operating and income generating real estate.
“Our analysis has shown that there is a growing number of investors looking for less risky and stable revenue generating funds that have assets with a good solvency history and are valued, despite the highly dynamically developing market in recent years. We will strive for balance with lower risk for investors. In addition, the fund will act as a private limited liability company and investors will become its shareholders, which will ensure a transparent management mechanism, well – known for many investors, “says Audrius Žiugžda, Chairman of the Board at Lewben Investment Management.
According to the requirements set by the Bank of Lithuania, natural and legal persons that meet certain asset value criteria and investing at least 125,000 euros, may participate in fund operations.
Lewben Investment Management is a management company controlled by the Bank of Lithuania and has the right to manage collective investment undertakings for investors. At the end of 2017, Lewben Investment Management managed assets for more than 80 million euros. Lewben Group provides all fund creation and support services: performs the administration and supervision of the fund, advises on issues of law and regulation and regulatory compliance.