PNK rental and the Moscow Exchange announced the opening of trade for the units of closed-end real estate investment fund “PNK-Rental”. The trade opening ceremony was held on 8 July 2021.
The Third-level listing of traded securities of the Moscow Exchange saw the addition of the investment units of closed-end real estate investment fund “PNK-Rental”, managed by OOO Industrialnaya Nedvizhimost Management Company (rated level BBB-|ru.am| in the Russian National Rating Agency non-credit rating of reliability and quality of services, “Positive” forecast). MOEX stock code RU000A1013V9.
The price of an investment unit at the opening of trade at the exchange reached 1,656.35 rubles per unit with the minimum amount of the lot set at one unit.
Investors can now choose between purchasing the fund's units on the Moscow Exchange or to joining PNK rental's investment strategy through the pnkrental.ru platform.
The assets of PNK rental, an industrial real estate investment fund for private investors, are represented by fully finished A+ class sophisticated industrial buildings constructed by PNK group with valid long-term lease agreements and tenants from various sectors of the economy.
PNK group is a standing co-investor of PNK rental, which provides the fund with their properties on special terms.
The fund currently includes industrial buildings with a total market value of more than 4 billion rubles. The facilities are located in the Moscow and Rostov regions, as well as in St. Petersburg. The number of the facilities of the fund will continue to increase as the fund grows. The current pipeline of facilities to be integrated into the fund within the following three years comprises several facilities with a total value reaching over 30 billion rubles.
The launch of industrial real estate fund PNK rental was announced on 7 July 2020. The fund's profitability in the past year – between 1 July 2020 and 30 June 2021 – reached 20.05%.
More details on pnkrental.ru.