Investors - SEPTEMBER 2, 2020

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Morgan Stanley Real Estate JV to invest in 306 rental apartments in Helsinki region

by Andrea Zander

RIM and Premico have invested in a joint venture together with a real estate fund advised by MSREI into a portfolio of 306 apartments in four residential properties in the Helsinki metropolitan area.

“These two acquisitions provide our investors with exposure to assets in a market with positive demographic and economic trends. The assets complement our existing Finnish residential portfolio and our strategy to add value through asset management initiatives and investment into the assets, including efforts to improve energy efficiency,” commented Ulf Pleschiutschnig, managing director and co-head Europe investments of MSREI.

The joint venture intends to work actively with respect to the portfolio, with renovations and upgrades of the assets. RIM and Premico will jointly run the asset management of the portfolio.

David Renger, CEO of Renger Investment Management, said, “RIM and Premico have jointly developed asset strategies for Finnish residential investmen

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