Taaleri Housing Fund VIII acquired 313 rental apartments to be constructed in the Helsinki metropolitan area

TAALERI REAL ESTATE    PRESS RELEASE        20 SEPTEMBER 2022 AT 8:30 (EEST)

Taaleri Housing Fund VIII acquired 313 rental apartments to be constructed in the Helsinki metropolitan area

Taaleri Housing Fund VIII Ky, a fund managed by Taaleri, has acquired three assets including 313 rental apartments to be constructed in Helsinki metropolitan area. Total value of the portfolio deal is approximately EUR 85 million. The assets are being constructed by Bonava Suomi Ltd.

Two of the assets are located in Aurinkolahti, Helsinki and one of the assets is located in Masala, Kirkkonummi. Aurinkolahti is an evolving urban area in eastern parts of Helsinki. The assets are located 650 meters from Vuosaari metro station and all local services.Masala is located in the eastern part of Kirkkonummi and it is part of the Helsinki commuting area. The asset is 200 meters from the train station in the heart of Masala with all local services nearby. The assets are being developed as energy class A buildings, and in addition, the properties generate electricity from their own solar power plants and the asset in Kirkkonummi also uses geothermal heating.

“We are very pleased with this sizeable investment. The acquired assets supplement the portfolio of the fund very well and we are also actively looking for next investments, especially in the Helsinki metropolitan area. The assets fit very well the fund’s investment and ESG strategies.Taaleri Housing Fund VIII is a closed-end residential fund as defined by EU’s Sustainable Finance Disclosure Regulation’s Article 8. The fund develops energy efficient and high-quality rental apartments in Finland’s growing urban centres. We are also very pleased to continue good cooperation with Bonava in developing energy efficient and sustainable rental apartments,” says the fund's portfolio manager and Taaleri Real Estate’s Investment Director Jan Hellman.

Taaleri Housing Fund VIII Ky invests in high-quality and energy-efficient rental apartments in the Helsinki region, Tampere and Turku. The fund pays special attention to the energy efficiency of its assets along with other comprehensive ESG criteria. The fund promotes sustainable investments, and it takes into account the EU criteria for environmentally sustainable economic activities and the so-called “do no significant harm” principles. The fund has started its investment activities in the spring of 2022, and it is currently starting its second fundraising round.

Taaleri Real Estate currently manages 13 different real estate funds and portfolios with a value of about EUR 800 million. Besides profitability, our real estate operations are guided strongly by sustainability and transparency.
             

For further information, please contact:
Jan Hellman, portfolio manager, Taaleri Real Estate, 044 544 4445, jan.hellman@taaleri.com

Taaleri in brief

Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. We channel capital towards economically profitable undertakings that have a lasting positive impact on the environment and society. We combine capital with talent, expertise, entrepreneurship, and a bold sense of purpose. We are a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to be a Nordic forerunner in alternative investments focusing on sustainability.

Taaleri has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd.

Taaleri has EUR 2.4 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.

www.taaleri.com