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| Land | Finland |
|---|---|
| Lista | Mid Cap Helsinki |
| Sektor | Finans |
| Industri | Övriga finansiella tjänster |
29.1.2025 11:00:01 EET | Taaleri Oyj | Investor News
TAALERI PLC INVESTOR NEWS 29 JANUARY 2025 AT 11:00 EET
Taaleri Real Estate and Keva establish a joint venture investing in build-to-rent residential real estate
Taaleri Real Estate and Keva, Finland's largest pension insurer, have established a joint venture with the aim of investing a total of EUR 300 million in high-quality build-to-rent residential development projects in Finland's growth centres.
Taaleri Real Estate will be responsible for project acquisitions, development and portfolio management in the joint venture. Taaleri Real Estate has already identified potential investments and is actively looking for multifamily development projects to be acquired in line with its investment strategy. The target assets are centrally located with good transport connections in the Helsinki metropolitan area, Tampere and Turku.
"We are grateful for Keva's trust and commitment to developing modern, functional rental housing in Finland, especially at a time when new residential construction volume is at an all-time low. We believe that the concentration of population in growth centres will continue to drive demand for high-quality rental housing. We have 15 years of experience in real estate investments in the Nordic countries and in the build-to-rent residential sector. Thanks to our highly skilled team we are well-positioned to execute our investment strategy in the current market environment," says Mikko Krootila, Managing Director of Taaleri Real Estate.
"Despite the current challenges in the housing market, we remain committed to fostering urbanisation, creating a sustainable urban fabric, and delivering high-quality new homes located near good public transport links and services. We are delighted that our vision aligned with Taaleri’s," says Carl-Henrik Roselius, Keva's Head of Real Estate Investments.
The joint venture's projects comply with Keva's responsible investment principles for direct real estate investments, which emphasise the energy efficiency of properties and the climate impact of the energy production on site at properties.
Taaleri Plc
For additional information, please contact:
Mikko Krootila, Managing Director, Taaleri Real Estate, +358 40 770 8958, mikko.krootila@taaleri.com
Linda Tierala, Head of IR and Communications, +358 40 571 7895, linda.tierala@taaleri.com
Taaleri in brief
Taaleri is a Nordic investment and asset manager that focuses on businesses with industrial-scale opportunities within bioindustry and renewable energy. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We have been a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to become a leading investment manager operating internationally in bioindustry and renewable energy.
Taaleri has two business segments: Private Asset Management and Garantia. Private Asset Management consists of bioindustry, renewable energy and real estate businesses.
Taaleri has EUR 2.6 bn of assets under management in its private equity funds and co-investments. The company has approximately 130 employees. Taaleri Plc is listed on Nasdaq Helsinki.
Keva in brief:
Keva is Finland’s largest earnings-related pension provider in Finland and is responsible for instituting pension cover in the public sector, including local and state government, welfare regions, the Evangelical Lutheran Church, the Social Insurance Institution of Finland (Kela) and Bank of Finland. Keva serves more than 1.3 million public sector employees. Its investment activities secure the future pensions of the municipal sector and welfare regions. The market value of Keva's investments at the end of 2023 was EUR 65.7 billion. Direct real estate investments accounted for EUR 3.2 billion.
Linda Tierala, Head of IR and Communications, +358 40 571 7895, linda.tierala@taaleri.com