Funds and separate accounts

Premico develops and manages residential alternative investment funds as well as separate account mandates. We create value for our clients through active ownership and deep understanding of the residential real estate market.

Premico AIFM Oy acts as an Alternative Investment Fund Manager licensed and supervised by the Finnish Financial Supervisory Authority. In addition, Premico acts as an investment advisor to a residential fund managed by IQ EQ Fund Management S.A., which invests in the Finnish residential real estate market.

Active real estate funds

  • Premico Residential Fund I

    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: ended

  • Premico Residential Fund II

    Sister fund to Premico Residential Fund I. Has developed over 400 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: ended

  • Premico Residential Fund III

    The Fund develops energy-efficient and operationally carbon-neutral rental apartment buildings in the Helsinki metropolitan area and Turku. The properties are built to energy class A, will seek BREEAM or LEED certification, and comply with the EU Taxonomy requirements for new construction. IQ EQ Fund Management S.A. acts as the alternative investment fund manager for the fund, with Premico serving as the fund’s advisor.
    • Established: in 2022
    • Investment value: approximately €80 million
    • Investors include pension companies, trade unions, and foundations
    • Investment period: ended

Our Active Separate Account Mandates

  • Premico Residential Portfolio 4 Ky

    Premico acts as a partner to Merimieseläkekassa in a residential separate account mandate comprising a property portfolio of 463 apartments located in three Finnish cities. Premico is responsible for the execution of the investment strategy as well as the active development and value creation of the portfolio in accordance with an investment strategy tailored together with the client.

    • Established: 2025
    • Investment value: approximately EUR 70 million
    • Client: Merimieseläkekassa
    • Investment period: ended

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