Forestay Student Hotel I Real Estate Fund
Forestay Fund Management Private Ltd. creates its initial/first real estate fund for the management of Dean's College Hotel [Dean's]: the contemporary private student residence, established as a wholly-owned development, in operation, fully leased, with long-term property management and lease agreements, generating cash-flow. The fund therefore provides stable, long-term return at minimal risk for the investors.
Dean's is the first privately operated student residence intended for student housing and hostel functions, comprising of 418 single studios, each with its own kitchenette and private bathroom. Right next door to the Theoretical Medical Centre of Semmelweis University (EOK) and 80 meters from Klinikák metro station, the building offers public accommodation at a perfect location.
The development satisfies all student demands offering fully furnished studios including kitchenette and private bathrooms; community areas such as lobby, study rooms, gym, media rooms, rooftop terrace; with a café, restaurants and a convenience store operating in the building. The passage running through the ground level of the property creates a pleasant connection between the Semmelweis University EOK building and the metro station Klinikák.
Number of the Fund’s registration decision by the National Bank of Hungary: H-KE-III-666/2019., Date of Registration: 7 November 2019.
The Fund is private, closed-end, and its term from the registration decision of MNB to 30 September 2025.
The aim of the Fund is to increase equity.
The placement and distribution of the fund shares are concluded within a private group in accordance with the provisions of the Act CXX of 2001 on the Capital Market (Tpt.) 14. § (1) Section c).
The currency of the fund shares is the euro. There are 21 887 pieces of Series „A” fund shares issued, each having a par value of €1 000, with the cumulative value of €21 887 000. There are 1 300 pieces of Series „B” fund shares issued, each having a par value of €1 000, with the cumulative value of €1 300 000.
ISIN Number of fund shares:
Series „A” : HU0000723416
Series „B” : HU0000723424
For further information please refer to the Rules of Management of the Fund.
| Forestay Diákhotel I. Ingatlanalap series 'A' Net Asset Values |  |
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Forestay Student Hotel I Real Estate Fund
Forestay Fund Management Private Ltd. creates its initial/first real estate fund for the management of Dean's College Hotel [Dean's]: the contemporary private student residence, established as a wholly-owned development, in operation, fully leased, with long-term property management and lease agreements, generating cash-flow. The fund therefore provides stable, long-term return at minimal risk for the investors.
Dean's is the first privately operated student residence intended for student housing and hostel functions, comprising of 418 single studios, each with its own kitchenette and private bathroom. Right next door to the Theoretical Medical Centre of Semmelweis University (EOK) and 80 meters from Klinikák metro station, the building offers public accommodation at a perfect location.
The development satisfies all student demands offering fully furnished studios including kitchenette and private bathrooms; community areas such as lobby, study rooms, gym, media rooms, rooftop terrace; with a café, restaurants and a convenience store operating in the building. The passage running through the ground level of the property creates a pleasant connection between the Semmelweis University EOK building and the metro station Klinikák.
Number of the Fund’s registration decision by the National Bank of Hungary: H-KE-III-666/2019., Date of Registration: 7 November 2019.
The Fund is private, closed-end, and its term from the registration decision of MNB to 30 September 2025.
The aim of the Fund is to increase equity.
The placement and distribution of the fund shares are concluded within a private group in accordance with the provisions of the Act CXX of 2001 on the Capital Market (Tpt.) 14. § (1) Section c).
The currency of the fund shares is the euro. There are 21 887 pieces of Series „A” fund shares issued, each having a par value of €1 000, with the cumulative value of €21 887 000. There are 1 300 pieces of Series „B” fund shares issued, each having a par value of €1 000, with the cumulative value of €1 300 000.
ISIN Number of fund shares:
Series „A” : HU0000723416
Series „B” : HU0000723424
For further information please refer to the Rules of Management of the Fund.
| Forestay Diákhotel I. Ingatlanalap series 'A' Net Asset Values | |
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