Residential funds

Reliable residential fund manager

We develop and manage funds that invest in residential properties. As a registered alternative investment fund manager supervised by the Finnish Financial Supervisory Authority, we offer our clients the opportunity to invest in real estate funds operating with various investment strategies.

Our services cover the creation and implementation of the real estate fund’s investment strategy, including the search, evaluation, and acquisition of properties in line with the strategy, management and administration of the fund’s owned properties, securing financing, enhancing the value of real estate assets, and ultimately exiting the investments.

We specialize exclusively in residential investments and offer our investors access to closed-end private equity funds focused on rental apartments in Finland, operating with different investment strategies. Our goal is to provide investors with competitive returns and the opportunity to promote sustainability in the Finnish housing market, leveraging our strong expertise and local market knowledge.

Our group companies, Premico Pääomarahastot Ltd and Premico Asuntorahaston hallinnointiyhtiö Ltd, operate as registered alternative investment fund managers supervised by the Finnish Financial Supervisory Authority. Currently, they manage two active real estate funds. Additionally, we act as an investment advisor to a real estate fund investing in the Finnish housing market, managed by IQ EQ Fund Management S.A.

Active Real Estate Funds

  • Premico Residential Fund I

    Premico Residential Fund I is Finland’s first real estate fund that has invested in affordable rental housing development utilising the state’s short-term interest subsidy. Between 2017 and 2020, the fund developed nearly 1,000 new affordable rental apartments, mainly in the Helsinki metropolitan area and surrounding municipalities. Premico acts as the alternative investment fund manager for the fund.
    • Established in 2016
    • Investment value approximately €170 million
    • Investors include pension companies and funds, trade unions, university foundations, and private foundations
    • Investment period has ended

  • Premico Residential Fund II

    Premico Residential Fund II is a sister fund to Premico Residential Fund I and has developed nearly 500 affordable rental apartments in the Helsinki metropolitan area and surrounding municipalities. Premico acts as the alternative investment fund manager for the fund.
    • Established in 2019
    • Investment value approximately €100 million
    • Investors include pension funds, trade unions, university foundations, and private foundations
    • Investment period has ended

  • Premico Residential Fund III

    Premico Residential Fund III SCA SICAV-RAIF aims to develop energy-efficient and carbon-neutral rental apartment buildings. The carbon footprint is minimized already during the construction phase, and all properties aim for the highest possible energy efficiency class (A-level). The properties will also seek internationally recognized BREEAM or LEED certification and meet the strict requirements of the EU taxonomy for new construction. IQ EQ Fund Management S.A. acts as the alternative investment fund manager for the fund, and Premico serves as the fund’s advisor.
    • Established in 2022
    • Investment capacity approximately €80 million
    • Investors include pension companies, trade unions, and foundations
    • Investment period is ongoing

  • Read also:

    -Premico and Fira have agreed on the construction of a rental apartment building in Postipuisto, Helsinki
    -Asunto Oy Espoon Feeniks sets the course for environmentally responsible rental housing
    -Premico’s new construction project, Spektri, has been completed in Kruunuvuorenranta

Contact us

Sami Kiehelä, toimitusjohtaja.
Sami Kiehelä Chief Executive Officer, CEO +358 40 868 0383
Samuel Tuomola Chief Investment Officer, CIO +358 50 5666 111
Ville Siivonen DIRECTOR, Residential Funds +358 40 523 5865