Tessin pays SEK 2 billion back to private investors
Photo: Christian Gustavsson
Tessin pays SEK 2 billion back to private investors
Stockholm, Sverige - Tessin Nordic Holding AB (publ) (NASDAQ: TESSIN B) – The leading digital platform for investments in real estate projects in the Nordics has passed an important milestone: SEK 2 billion in capital repaid to platform members. Investors earned an average return of 8.42 percent on all repaid property loans.
“I am proud that Tessin is brokering real estate investments that are profitable for all parties. The volume of completed projects and the returns generated show that we and the investors on our platform are meeting a huge need while grasping business opportunities in the building and real estate sector that is so vital to society”, says Heidi Wik, CEO of Tessin Nordic Holding.
Since the founding in 2014, Tessin members have financed more than 280 Swedish real estate projects involving everything from residential property to business and logistics properties. The goal is to continue growing by contributing to maintaining the pace of building in Sweden by offering the combination of interesting investment offerings and financing solutions in the real estate market. Capital invested by Tessin members has thus far enabled the construction of more than 5,000 homes, for example.
“According to Boverket, the Swedish National Board of Housing, Building and Planning, there is still a serious housing shortage in the urban regions and the capital provided by Tessin members is a critical factor in making it possible to complete more real estate projects and for more people to move into these areas and build secure lives. It is exhilarating that we have achieved such high volumes so quickly as demand is rising at an accelerating rate. Tessin’s role in the Swedish real estate market is not a minor phenomenon. We are a strategic resource in the effort to build away the housing shortfall in Sweden”, says Wik.
About Tessin
Number of members: 56,000+
Number of capital raises: 290+
Capital raised: SEK 3,021,053,694
Capital repaid: SEK 2,002,633,489
Average return: 8.42 percent*
*The average return is based on the weighted annual return for all closed loans on the Tessin platform, including credit losses.
Reference: Boverket (2021). Fortsatt underskott på bostäder i storstadsregionerna [Report in Swedish: Persistent housing shortage in urban regions.] For further information: Boverket.se