Beskrivning
| Land | Finland |
|---|---|
| Lista | Small Cap Helsinki |
| Sektor | Finans |
| Industri | Övriga finansiella tjänster |
United Bankers Plc
PRESS RELEASE 23 January 2025 at 13:00 EET
United Bankers' new housing fund has made its first acquisitions
UB Asuntorahasto I Ky, launched by United Bankers in autumn 2024, has made its first investments. The fund, which focuses on residential properties in Finland's growth triangle of Helsinki metropolitan area, Tampere, and Turku, has acquired apartments in Helsinki, Espoo and Kauniainen during January. The purchased properties consist of modern apartments built between 2017 and 2023, all located in central areas along rail transport routes. The acquisitions include a total of 38 apartments and 29 parking spaces across three housing companies.
"With interest rates declining, the real estate market is recovering from a two-year period of declining values. In the current market conditions, apartments are available at relatively reasonable prices. Additionally, the current downturn in residential construction could lead to a shortage of rental housing in the coming years, which would support rental income prospects," notes Jaakko Onali, the fund’s portfolio manager.
"The market situation looks highly attractive for our fund, and we believe the timing will benefit our investors. These acquisitions mark the start of the housing fund's investment activities. Going forward, we will focus on acquiring 100% owned properties as well as selected portfolios consisting of individual apartments. The fund aims to achieve an annual return exceeding 10 per cent, generated from rental income and capital appreciation during the investment period," adds Perttu Hokkanen, the fund's co-portfolio manager.
UB Asuntorahasto I Ky is targeted at professional investors, with a minimum investment of EUR 100,000. The planned duration of the fund is 5–8 years. The fund's maximum size is EUR 100 million (NAV). With leverage, the investment capacity rises to EUR 200 million. The fund's investments are managed by United Bankers' experienced real estate fund team, with Perttu Hokkanen, M.Sc. Tech., serving as the lead portfolio manager. Fundraising for the fund is ongoing, with the next subscription date tentatively set for 30 April 2025.
Additional information:
Perttu Hokkanen, Portfolio Manager, UB Asuntorahasto I Ky
Email: perttu.hokkanen@unitedbankers.fi
Tel.: +358 400 896 784
Jaakko Onali, Portfolio Manager, UB Asuntorahasto I Ky
Email: jaakko.onali@unitedbankers.fi
Tel.: +358 440 760 604
United Bankers in brief:
United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group’s business segments include wealth management and capital markets services. In asset management, the Group specialises in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 160 employees (FTE) and 31 agents (30 June 2024). In 2024, the United Bankers Group’s revenue totalled EUR 52.1 million and its adjusted operating profit amounted to EUR 16.9 million. The Group’s assets under management amount to approximately EUR 4.6 billion (30 June 2024). United Bankers Plc’s shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority’s supervision. For further information on United Bankers Group, please visit unitedbankers.fi.
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