JLL advised OP-Rental Yield Fund on the sale of ten residential assets

The properties encompass a total of ~26,000 square meters of lettable area, comprising 544 apartments.

Approximately 60% of the portfolio value is located in the Helsinki Metropolitan Area with the remaining along the new tram line in Tampere. Majority of the assets are newly built and have strong ESG-profile.

Antero Tenhunen, Portfolio manager, OP-Rental Yield: "A great culmination to a busy spring and early summer. The recently agreed-upon significant transaction demonstrates that newer, high-quality residential properties in prime locations are attractive investment opportunities regardless of market conditions. Thanks to JLL for their excellent project cordination."

Tuomas Kokkila, Investment manager, Slättö: "Thank you to all parties for a very professional and swift transaction process. We are very pleased to be able to increase our exposure in the residential sector regardless of short-term turbulence in the property market. In the Helsinki Metropolitan Area and Tampere, urbanization and limited new supply create strong underlying macro fundamentals for the investments going forward."

Pauliina Rantsi, Deputy Head of Capital Markets, JLL Finland: "We are very pleased to have successfully advised OP-Rental Yield in Finland's largest residential transaction of 2024. This transaction demonstrates the strength of the underlying fundamentals in the residential segment and the positive outlook for standing assets in established areas.”

This transaction marks JLL's fourth completed residential portfolio sale in Finland since December 2023, and I am extremely proud of our team's execution capacity and ability to navigate through current market conditions. We are delighted that our deep market knowledge has enabled us to achieve excellent outcomes for OP-Rental Yield."

JLL acted as commercial advisor to OP-Rental Yield and Krogerus as legal advisor.