3.6.2015

OP-Rental Yield – One of Finland’s Largest Real Estate Portfolio Transactions in the 21st Century

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Real Estate Investments & Transactions

We advised OP-Rental Yield, an OP-Pohjola non-UCITS fund, in its purchase of a 1,200-residence real estate portfolio from Ilmarinen. This is one of the largest real estate portfolio transactions in Finland in the 21^st century. The deal was closed on 2 June 2015.

The portfolio covers 28 housing companies, which in addition to apartments include a small number of leased ground-floor commercial premises. Nearly all of the properties were built in the 1990s and 2000s, and they are in excellent locations in 15 municipalities. Approximately 95% of the cash flow is from properties located in regional growth centres and university towns, such as Helsinki, Turku, Kuopio, Jyväskylä and Oulu.

Latest references

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