Friday 26 May 2023

New York-based investment firm KKR's European real estate platform has agreed to acquire a high-quality portfolio of thirty residential properties in Finland from Kruunuasunnot, the company said.

Terms of the transaction were not disclosed.

The Portfolio comprises over 1,200 residential units with two thirds of the portfolio located in the country's three largest cities of Helsinki, Turku and Tampere.

This transaction is KKR's first in the Nordic region through its European Core Plus Real Estate strategy, which invests in high-quality, substantially stabilised assets with medium-term value growth potential.

Avant Capital Partners, a Finnish boutique real estate investor and asset manager, will manage the portfolio providing local market expertise and asset management capabilities.

Krogerus is acting as legal advisor to KKR.

KKR is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions.