Evernord Real Estate Fund VI, managed by the Evernord Group, together with its partners and project developers, Finnish company Mirlux Oy, has acquired the majority of shares in Kiinteistö Oy Mannerheimintie 168B from Kojamo Oyj. The transaction involved the acquisition of a building on a main street in Helsinki, which will be renovated to meet current market needs and increase the proportion of residential space.
“The Finnish real estate market is characterized by high quality standards and sustainable development principles, but there is a shortage of supply in the affordable segment and in good locations. The new property allows our investors to diversify their investments in the safer Nordic region. Together with a strong local partner, we expect to achieve double-digit returns and offer more attractive opportunities for investors,” says Gintaras Rutkauskas, CEO of Evernord Asset Management.
The Evernord Group has been operating successfully in the Baltic region for many years, and in response to investor demand, it continues to seek projects offering greater regional diversification in both the Nordic countries and southern Europe, particularly Spain, noted Rutkauskas.
Mirlux OY is acting as a minority shareholder, project developer, and property manager in this project together with Evernord.
“This project perfectly reflects Mirlux’s core competencies – responsible and comprehensive real estate development that combines functionality, quality, and sustainable urban development,” said Leena Juvani, Business Manager at Mirlux Oy.
The buildings acquired by the Evernord fund and Mirlux are located in the Pikku Huopalahti/Ruskeasuo district of Helsinki, 15 minutes from the city center. The total area of the complex is 6,649.5 square meters. The complex currently comprises 56 apartments as well as commercial and office premises.
For more information, visit: https://www.delfi.lt/projektai/elta/evernord-fondas-isigijo-pastatu-kompleksa-helsinkyje-120167333