Keva and Taaleri Real Estate establish a joint venture investing in build-to-rent residential real estate

TAALERI REAL ESTATE                PRESS RELEASE                           29 JANUARY 2025 AT 11:00 EET

Keva and Taaleri Real Estate establish a joint venture investing in build-to-rent residential real estate

Taaleri Real Estate and Keva, Finland's largest pension insurer, have established a joint venture with the aim of investing a total of EUR 300 million in high-quality build-to-rent residential development projects in Finland's growth centres.

Taaleri Real Estate will be responsible for project acquisitions, development and portfolio management in the joint venture. Taaleri Real Estate has already identified potential investments and is actively looking for multifamily development projects to be acquired in line with its investment strategy. The target assets are centrally located with good transport connections in the Helsinki metropolitan area, Tampere and Turku.  

"Despite the current challenges in the housing market, we remain committed to fostering urbanisation, creating a sustainable urban fabric, and delivering high-quality new homes located near good public transport links and services. We are delighted that our vision aligned with Taaleri’s," says Carl-Henrik Roselius, Keva's Head of Real Estate Investments.

"We are grateful for Keva's trust and commitment to developing modern, functional rental housing in Finland, especially at a time when new residential construction volume is at an all-time low. We believe that the concentration of population in growth centres will continue to drive demand for high-quality rental housing. We have 15 years of experience in real estate investments in the Nordic countries and in the build-to-rent residential sector. Thanks to our highly skilled team we are well-positioned to execute our investment strategy in the current market environment," says Mikko Krootila, Managing Director of Taaleri Real Estate.  

The joint venture's projects comply with Keva's responsible investment principles for direct real estate investments, which emphasise the energy efficiency of properties and the climate impact of the energy production on site at properties.

For additional information, please contact:

Carl-Henrik Roselius, Head of Real Estate Investments, Keva, +358 500 417 997, carl-henrik.roselius@keva.fi

Mikko Krootila, Managing Director, Taaleri Real Estate, +358 40 770 8958, mikko.krootila@taaleri.com

Keva in brief

Keva is Finland’s largest earnings-related pension provider in Finland and is responsible for instituting pension cover in the public sector, including local and state government, welfare regions, the Evangelical Lutheran Church, the Social Insurance Institution of Finland (Kela) and Bank of Finland. Keva serves more than 1.3 million public sector employees. Its investment activities secure the future pensions of the municipal sector and welfare regions. The market value of Keva's investments at the end of 2023 was EUR 65.7 billion. Direct real estate investments accounted for EUR 3.2 billion.

www.keva.fi

Taaleri Real Estate in brief

Taaleri Real Estate is a Nordic real estate investment and fund manager creating value for our investors by delivering consistent and attractive returns through local expertise and deep sector knowledge. We manage a real estate portfolio of approximately EUR 700 million through our funds and separately managed accounts.

Taaleri Real Estate is part of Taaleri Group, a Nordic investment and asset manager. Taaleri has EUR 2.6 bn of assets under management in its private equity funds and co-investments. The company has approximately 130 employees. Taaleri Plc is listed on Nasdaq Helsinki.

www.taalerirealestate.com