Orava Residential REIT plc
Stock Exchange Release 30 May 2016 at 10:20 a.m.
THE FINANCIAL SUPERVISORY AUTHORITY HAS GRANTED THE MANAGEMENT COMPANY OF ORAVA RESIDENTIAL REIT THE AUTHORISATION FOR AN ALTERNATIVE INVESTMENT FUND MANAGER
On 27 May 2016, the Financial Supervisory Authority granted the authorisation for an alternative investment fund manager to the management company of Orava Residential REIT plc, Orava Funds plc.
The Act on Alternative Investment Fund Managers requires a custodian from alternative investment funds, such as Orava Residential REIT. Svenska Handelsbanken AB (publ.), Finnish branch operations, acts as the custodian of Orava Residential REIT plc. The custodian agreement was signed on 20 May 2016.
Orava Residential REIT plc
Pekka Peiponen
CEO
Additional information
Pekka Peiponen, CEO, tel. +358 10 420 3104
Veli Matti Salmenkylä, CFO, tel. +358 10 420 3102