Finland’s largest pension fund Keva has teamed up with local commercial real estate advisory firm Axiom Advisors to launch a new real estate investment company.
The pair have created Selena Kiinteistöt, the new company, to hold 18 commercial properties transferred from Keva.
The 182,000sqm portfolio of assets are located mainly in the Helsinki metropolitan area, as well as in Tampere, Turku, Vaasa and Kuopio.
Petteri Säntti, partner at Axiom Advisors, will lead Selena Kiinteistöt, while a dedicated team from Axiom Advisors will manage its property portfolio, customer acquisition and property development.
Carl-Henrik Roselius, head of real estate investments at Keva, said: “Through this joint venture, we can develop the properties even more effectively in a changing market environment. Axiom Advisors Oy’s strong expertise in developing precisely this type of property supports our goal of increasing the occupancy rate, improving net returns and ensuring the competitiveness of the properties in the future.”
Säntti said: “I am excited that we have the opportunity to continue Keva’s professional work with a well-managed property portfolio.”
Tero Lehtonen, CEO of Axiom Advisors, said: “Collaboration with Keva is an important step forward for us, supporting our company’s growth strategy. In addition, it provides an opportunity to take our Asset Management services to a new level.”
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