Real Estate investing

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.

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.

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.

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.

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.