In a bold move to strengthen its portfolio,Keva,Finland’s leading municipal pensions institution,has unveiled a €200 million investment strategy targeting warehouse and industrial production properties within the country. This ambitious initiative is being facilitated through a newly established company, Suomen Hallikiinteistöt Ky, in collaboration wiht Aktiivtilat, a seasoned property investment manager known for its specialized expertise.
With assets totaling €70 billion, keva stands as the largest pension fund in Finland. The newly formed entity, Suomen Hallikiinteistöt Ky, will initially focus on real estate opportunities in the Helsinki metropolitan region, with potential expansions to cities like Tampere and turku in the future.
“Keva has already successfully invested in logistics properties in the past,” stated Carl-Henrik Roselius,Keva’s real estate investment director,in a recent declaration. He emphasized, “Aktiivtilat’s expertise in this higher-yielding, but very labor-intensive segment of warehouses and production halls enables us to expand our investment horizon.”
Aktiivtilat, founded in 2019, has a proven track record in the real estate sector. The new venture marks its third foray into this domain, following the sale of its first company, Aktiivtilat Ky, to an international investor last summer, and the ongoing growth-focused activities of its second entity, Aktiivtilat II Ky.
Jukka Torvinen, CEO of Aktiivtilat, shared insights into the venture’s potential. “Occupation rates have remained high and we are still able to find attractive investment targets,” he noted.Torvinen highlighted the critical role of energy renovations, repair needs, and short lease terms, stating, “energy renovations, the need for repairs, and short lease terms highlight the need for a specialized company such as ours.”
He further added, “When you add Keva’s investment expertise to this, the joint venture is on a strong footing,” underscoring the synergy between Finnish capital, agile purchasing processes, straightforward sales contracts, and robust industry knowledge.
Keva is currently evaluating the first investment opportunities for Suomen Hallikiinteistöt Ky, while actively seeking additional targets to broaden its reach in the real estate market.
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