Pension and insurance providers Ilmarinen and AMF have announced that their €400 mln Helsinki office joint venture is to operate under the name Antilooppi.
Pension and insurance providers Ilmarinen and AMF have announced that their €400 mln Helsinki office joint venture is to operate under the name Antilooppi.
The name is new but the joint venture was seeded last May with 15 office properties acquired from Finnish pension-insurer Ilmarinen. The 230,000 m2 portfolio is valued at more than €400 mln.
Antilooppi is now a fully operational business owned by Ilmarinen and Swedish counterpart AMF Pensionsforsäkring. Both parties are major investors in their domestic real estate markets.
'The name Antilooppi has a great background and history as a property company and a city centre block in Helsinki. It properly reflects our new and agile company,' said Tomi Aimonen, property director at Ilmarinen.
'The objective is to create an active and responsible operator in the Helsinki metropolitan area office sector. We want to commit to long-term cooperation with our existing and new clients. There is plenty of room for a new company in the office sector and we have an ambition to develop and grow the company over time,' Aimonen said.
Exsmith, a Finnish management consultancy jointly owned by Cavendo and Mrec, has been hired as an operating partner for Antilooppi. Exsmith will also provide an interim management platform. Antilooppi is, however, growing its in-house organisation and will develop into a full-scale property company. So far, Antilooppi has recruited three asset managers and further hires are planned.
'The ambition is to grow Antilooppi significantly to become one of the largest property investment companies in Finland within the next five years,' Aimonen added.