The EPH Sverige portfolio will consist of between 20 and 200 pre-let residential units and may contain elements of commercial property. This will offer a net yield of between 5 and 8 per cent.
EPH is offering 30 million participating shares at £1 per share, targeting £25 million with an expected closing date of March 31, 2009. The anticipated term is five to seven years.
The target is to generate a geared net rate of return not less than 12 per cent over a five-year period and not less than 14 per cent over seven years.
EPH Partners will provide property advice and management services, being able to call on the expertise of the founder of Bankhall, Paul Hogarth; Philip Huges of PH Property Holdings, Bill Ridge and Huw Evans of Evanridge, who have a track record in the Swedish market.