Cromwell appoints new fund manager for wooden-building property fund

Cromwell Property Group has appointed Eeva Saravuo as fund manager of a pan-European wooden-building property fund being established in partnership with Finland-based sustainable real asset manager Dasos Capital (Dasos).

Bringing more than 20 years’ experience from various roles at Aberdeen Standard Investments, latterly as fund manager for Aberdeen’s Finnish and Nordic funds, as well as deputy fund manager for an open-ended real estate fund investing in continental Europe, Saravuo will manage the new European wooden-building property fund on behalf of Dasos and Cromwell.

The open-ended fund will target an initial first close of €100 million ($118 million) committed equity by the end of calendar year 2021, with a target portfolio value exceeding €1 billion ($1.2 billion) over the longer term.

Cromwell and Dasos will develop and acquire sustainable wooden buildings across real estate sectors and geographies, providing investors with opportunities that mee