Trevian to drive foreign capital to Finland through the real estate market
Trevian Asset Management is strengthening its strategy for globalizing the Finnish real estate investment market by appointing Harri Rehnberg its new Investment Director. Mr. Rehnberg returns to Finland from New York, where he has built a reputable career in international investment banking.
Trevian Asset Management Oy maintains strong domestic growth and pursues now its next goal, to strengthen the company’s globalization strategy and drive new capital to the Finnish real estate investment market. Trevian has introduced major international investors such as H.I.G Capital and Merrill Lynch Bank of America to Finnish real estate investment market through significant portfolio acquisitions, and hopes to further diversify the investor base of the local market in the near future. Foreign investors have lately shown an increasing interest towards Finland, growing their share from the 30% plateau of recent years up to 46% in 2015.
Trevian’s newly appointed Investment Director Harri Rehnberg joins the company from the position of Head of Institutional Equity Sales U.S. at Swedbank New York. He has vast experience of over 18 years in investment banking in the United States, and his previous employers include highly prestigious companies e.g. Carnegie Investment Bank and SEB. Mr. Rehnberg has a strong background in global and Nordic real estate sector transactions, particularly in Sweden and Norway, the best performing countries in investment returns within the Nordic region. In 2014 he also participated in the 410 million dollar IPO of Entra ASA, the largest IPO in Norway in over a decade.
Trevian’s CEO Reima Södervall views this top recruitment as an important step in the development of the company’s growth strategy. ”We are extremely proud to have a leading expert like Harri strengthen our Investment Management team. His considerable skills, experience and extensive network within the international real estate investment market support Trevian’s globalization strategy significantly”, Södervall emphasizes. Capital flows in the global real estate investment market are at a record high and the low interest rate level is estimated to induce even further growth. In 2015 alone the real estate investment capital in Europe reached 505 billion euros. ”It is absolutely in the best interest of the entire Finnish real estate investment market to drive more foreign capital to Finland and also to further increase diversity among the investors in the market”, CEO Södervall states.
According to Trevian’s new Investment Director Harri Rehnberg the current situation in the global real estate investment market favors channeling foreign capital to markets such as Finland. ”Several foreign investors have studied the Finnish market but haven’t so far been able to find suitable targets for acquisition. As part of Trevian’s Investment Management team my goal is to steer more international transactions to Finland. It is typical of the real estate investment market to assess risks carefully. Local asset management is often considered less risky, making it increasingly important for investors”, Rehnberg describes.
For more information:
Reima Södervall
CEO
Telephone: +358 50 362 7400
E-mail: reima.sodervall@trevian.fi
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Trevian Asset Management is a Finnish investment and asset management company specializing in commercial properties. The company produces actively managed real estate equity funds and asset management services optimized for its customers with current assets under management of approximately EUR 850 million. The services are focused especially for institutional real estate investors, banks and other professional investors.