KKR has unveiled plans to buy a high-quality portfolio of 30 residential properties in Finland from Kruunuasunnot. Financial terms were not disclosed.
The portfolio consists of more than 1,200 residential units, with two-thirds of the portfolio located in the country’s three largest cities: Helsinki, Turku and Tampere. KKR said Avant Capital Partners, a Finnish boutique real estate investor and asset manager, will manage the portfolio.
The transaction is KKR’s first in the Nordic region through its recently launched European Core Plus Real Estate strategy, which invests in high-quality, substantially stabilized assets with medium-term value growth potential. Residential is a key subsector of KKR’s overall European real estate strategy.
“We believe the Finnish residential market has compelling fundamentals, underpinned by a stable economy and strong demand for urban rental housing,” said Ian Williamson, managing director and head of core-plus real estat
