A real estate fund advised by Morgan Stanley Real Estate Investing (“MSREI”), in a joint venture with Premico and RIM, agree on the sale of 1,594 rental apartments with Kojamo

  • A real estate fund advised by MSREI in a joint venture with Premico and RIM exchanged contracts to acquire 1,594 rental apartments from Kojamo plc.
  • The apartments are located in 15 different cities which benefit from high growth.
  • Premico is investing in the portfolio with the MSREI-advised fund and will be responsible for managing the properties.

This transaction is the first real estate investment in Finland for an MSREI-advised fund.

“When it comes to real estate properties, Finland is currently one of the most interesting investment targets in Europe. Our joint venture with an affiliate of a real estate fund advised by MSREI opens up new possibilities to develop our supply of housing, and we are naturally excited about that,” stated Janne Vaula, CEO of Premico Group Oy.

The intention of the joint venture partners is to complete the transaction during Q2 2018, which is conditional on the satisfactory completion of usual prerequisites for real estate transactions of this kind.

Further information:

Janne Vaula, CEO
Premico Group Oy
t. +358 40 501 6063

David Renger, CEO
Renger Investment Management
t. +46 70 919 8920