The goal of the arrangement is to develop and enhance the value of the acquired residential portfolio through measures aligned with the jointly agreed strategy. Premico will be responsible for operational management and act as a strategic partner, leveraging its expertise in residential investing and asset development. In line with its strategy, MEK will transition to indirect real estate investing and release capital for investments in accordance with their revised investment policy.

“Cooperation with Premico provides excellent conditions for developing the residential portfolio in a sustainable manner while safeguarding returns. The change will have no impact on the tenants,” says Sauli Hämäläinen, Chief Investment Officer of the Seafarers’ Pension Fund.

“We are pleased to expand our partnership with the Seafarers’ Pension Fund. Through active portfolio management, we aim to increase the value of the assets and achieve the jointly agreed goals for the portfolio,” says Samuel Tuomola, CIO at Premico.