Taaleri Rental Home Fund acquired 116 rental apartments to be constructed in Turku

TAALERI REAL ESTATE     PRESS RELEASE       30 SEPTEMBER 2022 AT 9:15 (EEST)

Taaleri Rental Home Fund acquired 116 rental apartments to be constructed in Turku

Taaleri Rental Home Fund, a fund managed by Taaleri, has acquired two assets to be constructed in Herttuankulma, Turku. The assets include 116 reasonably priced and energy efficient apartments. The construction is set to start in September 2022 with the completion of the buildings in the end of 2023. The assets are being constructed by Pohjola Rakennus Ltd.

The assets are located at Herttuankulma, which is a new developing urban area few kilometers from the city centre and Turku main railway station.The assets are being developed as energy class A buildings.

“We are very pleased with this investment.The acquired assets complement the portfolio of the fund very well and fit very well the fund’s strategy to offer reasonably priced and good quality rental apartments in Finland's growing urban centres.We are also very pleased to continue good cooperation with Pohjola Rakennus,” says the fund's portfolio manager and Taaleri Real Estate’s Investment Director Jan Hellman.

Taaleri Rental Home Fund is Taaleri's impact-creating real estate capital fund. The fund develops good quality rental apartments that are leased below market rents in Finland's growing urban centres. The fund aims to offer a real solution to the housing shortage experienced in many growing urban centres and through this to contribute to the regional housing demand and supply imbalance and the possibility of the workforce to settle in the growth centers.

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