Round Hill Acquires First Finnish Residential Portfolio

Finland Finland Round Hill Capital acquires a residential portfolio in Finland, comprising 3,263 units from Avant Capital Partners.

2018-06-04

Share via e-mail

The portfolio consists of 106 well located properties across the south of Finland as well as the Helsinki Metropolitan area and was acquired from an affiliate of Avant Capital Partners, a Finnish asset management company which manages real estate (both residential and commercial) for international investors. This is Round Hill’s first transaction in Finland, a geography which exhibits positive investment fundamentals, favourable housing demand/supply dynamics and robust economic performance.

Round Hill has acquired and managed more than 100,000 residential units across Europe and currently is one of the largest private landlords in multiple countries. Round Hill remains committed to investing in, developing and managing European residential property in a responsible and reliable way. Round Hill expects to make further investments in Finland in line with its investment strategy.

“Round Hill has been evaluating the Finnish residential markets for several years and is pleased to make its first housing investment in Finland. We look forward to actively managing and repositioning the portfolio while introducing a quality tenant experience that we focus on in other markets. We continue to look for further acquisitions in the Finnish market with similar value characteristics. We believe that select areas of the Finnish residential market benefit from favourable macro/micro-economic trends, attractive yields and strong rental growth, with increasing urbanisation helping to support the demand fundamentals. Taken together with our proven investment and operating expertise, we look forward to building a substantial residential platform in Finland,” says Michael Bickford, founder and CEO of Round Hill Capital.

“After investing significant time and effort in developing the residential platform to this point though multiple acquisitions, key hires, management setup and operational improvement measures, we’re delighted to see the portfolio to enter into next phase with the new owner,” says Lorenz Merk, partner att Avant.

Round Hill Capital was advised by GEM Property, Knight Frank and NCAP on this transaction.




Axel Ohlsson
axel@nordicpropertynews.com




Ilmarinen Acquires in Atlanta

Finland Finland Ilmarinen has invested in an office property in Atlanta, Georgia, U.S.A. This marks Ilmarinen’s eighth joint investment with New York Life Insurance Company.

Conficap Acquires Helicopter Pilot Training Facility in Aviapolis

Finland Finland Conficap acquires a helicopter pilot training facility in the vicinity of Helsinki Airport. The tenant of the property is Coptersafety Oy, which is one of the world’s leading helicopter pilot training organizations. The sellers of the property consist of a group of private individuals who work in the field of helicopter pilot training.

The Outcome of the Shopping Center at the Russian border

Finland Finland In November, Zsar Outlet Village opened. Zsar’s CEO Sami Vainiomäki comments on the first months and how to attract Russian and Asian tourists to shop in the EU.

Why Helsinki Still is Attractive

Finland Finland Capman’s Investment Director Sampsa Apajalahti comments on the big acquisition, the multiple strategies and thoughts about the Helsinki market. “Attracts good investors.”

Capman Acquires from Icecapital – Grows Residential Mandate for BVK to EUR 820M

Finland Finland Capman Real Estate has completed the acquisition of a residential portfolio from the Finnish fund manager Icecapital and its local investors for a fund on the account of Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund group.

Peab Builds in Turku

Finland Finland Peab has been commissioned to build two residential buildings, a parking garage and a business premises on Brahegatan in Turku.

YIT to Sell the Duetto II

Finland Finland YIT and Baltic Horizon Fund have agreed on the sale of Duetto II office building located in Vilnius, Lithuania. The value of the deal is approximately EUR 18 million.

Regenero Sells to EQ

Finland Finland YIT, HGR Property Partners and their joint venture Regenero have sold the Tietotie 6 property in Otaniemi, Espoo to Special Investment Fund EQ Care (AIF).

New Trevian Acquisitions in Helsinki and Riihimäki

Finland Finland Special investment fund Trevian Finland Properties I has this acquired two commercial properties in Helsinki and Riihimäki.

Trophi Acquires Finnish Portfolio

Finland Finland Trophi has acquired a property portfolio with a property value of MSEK 460 (EUR 45M) from Elite Kiinteistökehitysrahasto I Ky.