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.