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Trevian advises Nuveen’s entry into the Finnish residential sector

Nuveen, one of the largest investment managers globally, with $147 billion of assets under management, has announced today its entry into the Finnish residential market by agreeing to acquire a 141-apartment single family home portfolio. Trevian Asset Management acted as an advisor in the project to Nuveen on behalf of Nuveen’s pan-European diversified Value Add strategy.

Today’s announcement concerns the acquisition of a single-family home portfolio situated in the Helsinki Metropolitan Area, which includes one finished asset and three other assets that are to be built. Nuveen will partner with Toivo Group Oyj, the leading developer of single-family rental housing in Helsinki, to deliver affordable and energy-efficient homes.

The investment strategy focuses on meeting the growing demand for high-quality rental housing in the Helsinki Metropolitan Area by investing in modern, affordable and energy efficient homes. These apartments are in demand due to the need for apartments that provide a blend of private space and sense of community, making them especially appealing to families.

The assets will be built with a commitment to meeting high sustainability standards, including targeting an EPC rating of “A” certification and using timber frames. The assets will be situated close to nature yet provide a strong access to the daily services and Helsinki city center.

Trevian will continue as an advisor and asset manager for the portfolio, leveraging its local market expertise and knowledge.

Kim Särs, CIO, Trevian: “We are thrilled with the outcome of our cooperation with Nuveen – it has been a pleasure to support them in their entry to the Finnish residential market. Single-family homes represent a highly appealing yet underserved segment within Finland’s real estate landscape, and the market fundamentals offer robust support for concentrating on this niche. We’re genuinely excited about the opportunities this partnership brings for both our companies.

Trevian Asset Management is a Finnish real estate investment and asset management company focused on commercial and residential real estate, owned by its key personnel. We offer full-service asset management and structured investment services throughout the whole investment lifecycle. The services are focused especially for institutional real estate investors, banks, and other professional investors. Trevian’s assets under management is 1.2B€. www.trevian.fi/en

About Nuveen Real Estate
Nuveen Real Estate is one of the largest investment managers in the world with $147 billion of assets under management. Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing. With over 85 years of real estate investing experience and more than 785 employees located across over 30 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise. For further information, please visit us at nuveen.com/realestate.

Kim Särs

Kim Särs

+358 40 501 9981