Premico Group Oy

Premico acquired 148 rental units to be constructed in Kruunuvuorenranta, Helsinki and in Porvoo city centre

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Premico Residential Fund II Ky, a fund managed by Premico, has signed a contract with Skanska for the construction of a residential building in Kruunuvuorenranta, Helsinki, consisting of 83 affordable rental apartments and ca. 350m2 retail space, which will serve the residents as a grocery store of the local neighborhood. Premico has also signed a contract with Pohjola Rakennus to construct a residential building consisting of 65 rental apartments to be located in Porvoo city centre. These development projects will complement the portfolio of Premico Residential Fund I and II, which both invest in affordable housing. Premico is developing the assets with short-term interest subsidy loans.

The mission of Premico Residential Fund I and II Ky is to promote affordable rental housing in Finnish growth centers. The funds currently own more than 1,400 affordable rental apartments, mainly in the Helsinki metropolitan area.

Commenting on the acquisitions, Samuel Tuomola, CIO & partner of Premico, said:

“We are extremely pleased with the transactions with Skanska and Pohjola Rakennus. Premico’s emphasis is constructing affordable multifamily properties ensuring comfortable housing for all. These acquisitions complement our strategy as the largest private sector developer of affordable rental housing in Finland.”

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About Premico Group Oy

Premico Group Oy
Premico Group Oy
Aleksanterinkatu 11
00100 Helsinki

+358 29 007 5050https://premico.fi

Premico is a real estate investment, development and management company specializing in residential assets with an emphasis on decarbonizing the residential sector and constructing affordable multifamily properties ensuring comfortable housing for all.

The company has two business segments: private equity funds investing into residential assets, and service business comprising asset management services, real estate development, construction project management and property management together with leasing services. Premico is managing over 6000 rental apartments in Finnish growth centers through its’ funds and co-investments. The company currently employees more than 50 real estate specialists.

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