Real Estate investing

Active funds

Premico is the pioneer of property investment funds in Finland. In 2009, together with our partner we launched the first Finnish residential property investment fund aimed at the larger market. For the first time, investors in the fund could take advantage of benefits of scale – which were previously only available to large institutional investors. To date, we’ve been involved in eight different housing and property investment fund projects.

Currently we are managing two funds and are in the fund raising for a third​.

Market knowledge combined with our strong local presence help us identify the right properties in which to invest – and to move fast. We build and develop our properties ourselves, so that the end result is a solid investment with stable returns.

Active funds

  • PREMICO RESIDENTIAL FUND II

    Established in 2019. 

    The fund was first closed to new investors in December 2019, but there is a possibility of accepting new investments until the end of 2020.

    The Fund’s objective is to build 1 700 new affordable rental apartments during the period 2020-2023.

    Investors include trade unions, university funds and private foundations.

  • PREMICO RESIDENTIAL FUND I

    A fund specialized in affordable housing, established in 2016. Investment capacity of ca. 200 million euros with over 900 new residential units under its ownership, mainly located in the Helsinki Metropolitan Area.

    Investors include pension funds, trade unions, university funds and private foundations.

As Oy Jätkäsaaren Valo

The exits of our fund partner

  • TAALERITEHTAAN ASUNTORAHASTO I KY (Joint Venture, 2009)

    Target return IRR 11 %
    Realised yield IRR 13 %

    Exit 12/2014:
    Acquired by LähiTapiola

    Constructed 311 rental units in the Helsinki area: 6 buildings with a total living area of 18,300 m².

    Premico’s role in the project: the creation of an investment strategy, site acquisition, funding negotiations, construction, tenant management and tenancy negotiations.

    Taaleri’s role in the project: management of the fund together with subsidiary Taalerin Pääomarahastot Oy, funding acquisition, acting as the managing partner.

  • TAALERITEHTAAN ASUNTORAHASTO III KY (Joint Venture, 2010)

    Target return IRR 9 %
    Realised yield IRR 11 %

    Exit 12/2014:
    Acquired by LähiTapiola

    Constructed 198 rental units in the Helsinki area and Lahti: 5 buildings with a total living area of 11,140 m².

    Premico’s role in the project: the creation of an investment strategy, site acquisition, funding negotiations, construction, tenant management and tenancy negotiations.

    Taaleri’s role in the project: management of the fund together with subsidiary Taalerin Pääomarahastot Oy, funding acquisition, acting as the managing partner.

  • TAALERIHTEHTAAN ASUNTORAHASTO V KY (Joint Venture, 2011)

    Target return IRR 11 %
    Realised yield IRR 28 %

    Exit 2013-2014: Mostly sold to private individuals

    Bought and refurbished 119 former rental units in the Punavuori and Kallio areas of Helsinki: 2 buildings with a total living area of 6,400 m².

    Premico’s role: the creation of an investment strategy, property acquisition (sold by a mutual pension insurance fund), commercial negotiations, funding negotiations, refurbishment planning and implementation, organising the sale.

    Taaleri’s role: management of the fund together with subsidiary Taalerin Pääomarahastot Oy, funding acquisition, acting as the managing partner.

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