The transaction marks Evernord Group’s first investment in Finland. Evernord Group is an investment and asset management group operating in the Baltic region, with more than EUR 350 million in assets under management and strong experience in real estate investments.

“The Finnish real estate market is a natural next step for us – stable, transparent and attractive for long-term investors. This project offers an excellent opportunity for us to establish a foothold in the Nordics together with a strong local partner,” says Gintaras Rutkauskas, CEO, Evernord Asset Management UAB.

Evernord Group currently manages six real estate funds operating in Lithuania, Latvia, Estonia, Spain, and Finland.

Mirlux Oy acts as a minority shareholder and operational developer and future manager of the property together with Evernord.

“This project perfectly represents Mirlux’s core expertise – responsible and comprehensive real estate development that combines functionality, quality and sustainable urban growth,” says Mirko Sassor, CEO, Mirlux Oy.

Property overview

Mannerheimintie 168B is located on the border of Pikku Huopalahti and Ruskeasuo, in a prominent location along tram line 10.

Gross area: 6,649.5 sqm

Plot: owned lot, 3,506 sqm

Includes: 56 apartments, street-level retail and restaurant spaces, office premises