Right from the start, our mission has been to be the most profitable real estate fund in Finland. As well as aiming to generate profit, we strive to continuously build eco and energy efficient properties that are architecturally beautiful, comfortable to live in and pleasant to use.
Our target is by 2016 to manage real estate valued at more than MEUR 100 which will generate for our investors an average of over 10% profit a year in any market situation. We are also considering the possibility of getting listed on the Nasdaq First North by 2020, which would mean that we would be managing real estate worth more than MEUR 500.
Our values are investor orientation, honesty, openness and results orientation. Bit by bit, ICON and its investors are changing the way the market sees housing and business premises. In future, we will focus on pursuing more and more institutional investors, but we are equally passionate about making it possible for private persons to invest in real estate funds. Investing in real estate funds can be profitable even though the risk is moderate. By offering our investors the best possible profit, we also increase revenue from their assets. At the same time, we are making Finland a better place to live.
Energy efficiency is close to our heart and in the future this will be even more evident. We have big plans to devote even more time and resources on energy and eco-efficient properties that are as self-sufficient as possible. We believe that the real estate of the future will be entirely self-sufficient. In such properties, the extra energy from an electric car will be available for the building to use and waste will be burned for energy. In this way, residents will be able to influence their own carbon footprint through their own choices.
A great example of this is the Suurpelto project in Espoo, which belongs to our ICON Real Estate Fund III. The city concept for the Suurpelto district aspires to sustainable solutions that will increase the energy efficiency of both construction and the society as a whole. Read more about the Suurpelto project.