JLL advises Taaleri Private Equity Funds Ltd in the sale of a housing fund in the Helsinki region
The housing fund Taaleri Asuntorahasto VI Ky, managed by Taaleri Private Equity Funds Ltd, has been sold to PATRIZIA for approximately EUR 145 million. The portfolio consists of 9 assets and 461 apartments located in the Helsinki region. The leasable area of the portfolio is approximately 25,000 sq m.
All 9 assets are located in the Helsinki region close to service concentrations and excellent public transport connections by train, metro or tram. The properties are modern and in excellent condition, as eight of them have been built and one refurbished in the years 2014-2017. The assets are close to fully occupied, demonstrating the attractiveness of the assets and the high demand for rental apartments in the Helsinki region.
Essi Sten, Head of Real Estate, Taaleri: We are very pleased with the successful exit of Taaleri Asuntorahasto VI. The sale of the fund was an ambitious undertaking, and cooperation with all parties was smooth and efficient throughout the process.
Jörg Laue, Head of Transactions Nordics, PATRIZIA: This acquisition presented us with an exciting opportunity to invest in a modern, high quality portfolio of modern multifamily properties that are income producing from day one. The properties all benefit from strong transport links, providing quick access to the capital’s centre and its amenities.
Johan Öhlund Lagerdahl, Country Head Finland, PATRIZIA: By adding these nine assets to our current portfolio in Finland it shows that we are committed to the Finnish market and we continue to look for further investment opportunities in Helsinki and throughout the region, with a focus on the residential and office sectors.
Tero Uusitalo, Head of Capital Markets, JLL Finland: We are extremely pleased to have successfully advised Taaleri in this landmark transaction. Residential investments are backed by strong market fundamentals and we are seeing unprecedented interest towards residential investments and portfolios of quality in the market as investors are seeking secure and predictable existing cash flows. We are excited to continue our strong track record in the residential segment with this prime portfolio, and it is rewarding to see that with our market knowledge we were able to achieve great results for our client.
JLL acted as Taaleri’s sole commercial advisor in the transaction. Hannes Snellman acted as the seller’s legal advisor in the transaction.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Taaleri Real Estate
Taaleri Real Estate, part of the Taaleri Group, is a Finnish-based company specialised in real estate investments, real estate development, and management of funds and real estate assets. Taaleri Real Estate currently manages 12 different real estate funds and portfolios with a value of over 700 million euros. Taaleri Plc is listed on the Nasdaq Helsinki. For further information, visit taalerikiinteistot.com.