Residential portfolio

Sales advice

BACKGROUND

Special Investment Fund OP Rental Yield and OP Asuntorahasto I Ky – fund sold a residential portfolio of 981 apartments to companies belonging to Kojamo group in March 2018. In addition, Special Investment Fund OP Rental Yield sold a residential portfolio of 158 apartments to Kunta-asunnot Oy.

CHALLENGE

Special Investment Fund OP Rental Yield wanted to sell older residential properties in order to make room for 1,400 new apartments to be constructed in 2018 – 2019. The older properties were located in multiple cities and were mostly constructed in the 1990s.

SOLUTION

Newsec’s sales advisory team arranged the sales process of the portfolio from the beginning to the end in close co-operation with the asset management team responsible for the management of the properties. As the properties were located in multiple locations, in addition to procuring offers for the entire portfolio, Newsec procured also separate offers for subportfolios corresponding to individual investors’ geographical focus.

OUTCOME

The investor demand for the properties was good and the best result for the Vendors was achieved by selling first part of the portfolio to companies belonging to Kojamo group and then another part of the portfolio to Kunta-asunnot Oy. The successful transaction was secured by tight co-operation between Newsec’s sales advisory team, Newsec’s asset management team, the Vendors and the legal advisor.

  • Summary Sale of 1,139 apartments in two transactions
  • Location Multiple cities, Finland
  • Customer Special Investment Fund OP Rental Yield and OP Asuntorahasto I Ky
  • Status Transactions were completed in March and June 2018
  • Services provided Sales advice
Rikumatti Forsberg Partner, Capital Markets, Newsec Advisory +358 50 594 1722