Emilia has 10 years of experience in business law and the real estate sector. Prior to entering the corporate world, Emilia worked as an attorney. Emilia is a certified real estate director (KJs).
Amos Janhunen, stepping aside as CEO, will take over legal, compliance and risk management, until a new Head of Legal is found. The recruitment process starts with immediate effect. Kari Kolu will continue as Administrative Director and Member of the Board.
“Kari and Amos have exceeded my expectations with the launch and growth of Trevian Funds AIFM. Now the company has reached a stage where it is natural to pass the baton to a new CEO, who has demonstrated her capabilities. We are very happy to get Emilia to lead our magnificent team”, says Reima Södervall, Chairman of the Board at Trevian Funds AIFM.
MSc (Econ.) Tea Siivola has been appointed Commercial Director of Trevian Funds AIFM Ltd, with responsibility of coordinating the daily management and leasing of the properties in the fund’s portfolio. In addition, Tea will be responsible for human resource management and supervision of the Area Managers.
Tea comes from shopping centre Porin Puuvilla, where she was the Shopping Centre Manager for 3.5 years. Under her leadership, Porin Puuvilla has seen marked growth in footfall and sales. Puuvilla was chosen Finland’s best shopping centre in 2017 and got the highest ranking in property research company KTI’s tenant satisfaction survey last year. Tea has also successfully run several Prisma and S-Market supermarkets in the Tampere region for 14 years. She is an active triathlete, having completed full distance IRONMAN races. Tea will start in her new role on 1st October 2019.
“Our operational model is to be a recognisable owner with local presence, actively developing our properties in cooperation with our tenants. Tea has extraordinary experience and merits in the Finnish real estate market, and we are privileged to get her to join our team, as our fund continues its profitable growth”, says new CEO Emilia Riikonen.
Assets under management in Trevian Finland Properties I exceeded EUR 200 million in July. The fund invests in commercial properties with strong cash flow and development potential in Finnish growth centres, targeting an annual total return of 8-10% after expenses. The fund had a total net return of 9.01% in 2018.