Faedra Group successfully raises capital in the industrial-logistics sector

With significant investor interest and the maximum issuance amount, Faedra Group successfully raised €17 million. The real estate development company accepted all incoming subscription offers, intending to use the raised capital for Hungarian logistics-industrial developments in the coming years.

A total of €17 million worth of investment units were subscribed to the Faedra II Real Estate Development Fund, managed by Faedra Fund Management Ltd., a part of the real estate developer group. The subscription, which closed on June 28, 2024, took place in a private closed-end real estate fund with outstanding yield potential.

The capital raising and distribution were handled by Concorde Securities Ltd., a partner of Faedra Group.

“This successful capital raising confirms the trust investors have in Faedra, which is based on competence, delivering previous yield promises, and outstanding yield potential. It also enables Faedra to strengthen its logistics branch, continue successful industrial-logistics development projects from recent years, and exploit identified opportunities in this asset class,” said Bence Boronkay, founder and CEO of Faedra Group.

“This capital raising was achieved alongside the originally set maximum amount and the acceptance of all subscription offers, allowing the Fund Manager to start executing the Management Regulations after the successful subscription,” added Nikolett Majorosi, CEO of Faedra Fund Management Ltd.

Faedra Group is a privately owned Hungarian real estate development group involved in industrial logistics and residential developments.

It has completed and sold industrial logistics projects such as the Faedra Park in Szigetszentmiklós and Faedra22 Park in Budapest, which reached full tenant occupancy.

The company aims to continue developments in its existing asset classes and is exploring entry into other areas. Its goal is to implement projects that provide maximum returns to investors with reasonable risk-taking.

Faedra Group includes Faedra Fund Management Ltd., which manages its real estate funds and offers real estate investment opportunities to private and institutional investors through private closed-end real estate funds.

The group also has its contracting division.