Residential II : Avant manages a residential platform owned by KKR’s European Real Estate Core Plus strategy, which invests in multi-family residential assets in the Finnish growth centers. The intention is to create a portfolio of modern, well-located residential assets with particular emphasis on sustainability and occupier services. Today, the portfolio consists of 30 high-quality assets in growing cities, totalling to over 1,200 residential units. The platform is actively looking for add-on investments.
Colony: Avant co-manages together with Swedish Altaal a company which invests in modern office assets in the Helsinki Metropolitan Area. The intention is to create a hybrid network of modern office assets that are environmentally sustainable, have a high degree of design and a wide service offering tailored to meet the needs of the future. Today, the portfolio consists of five assets in established office hubs across the Helsinki Metropolitan Area, totalling to about 120.000 square meters. The largest tenants include CGI, Ramboll, Bayer, Asuntosäätiö, S Group, Finnair, Veho and Rejlers. The target size of the platform is in excess EUR 1 billion in GAV.
Vallila Campus: On behalf of a Finnish-South Korean consortium Avant manages a sizable office property, located in Vallila, Helsinki, having a total leasable area of 74.150 square meters and accommodating approximately 6.000 people. The tenants are OP Cooperative and Senate Properties (Finnish Tax Administration). The value of the property at acquisition was EUR 480 million, making it the largest ever single-asset office transaction in the Finnish real estate market.
Oulu retail: Avant continues to manage a well-performing and well-known shopping center Ideapark in Oulu, Finland, after a divestment of Avant Capital Partners and a Swedish PE firm in 2021 to a new ownerUB Nordic Property Fund (AIF). The asset has approx. 30.000sqm gross area. Majority of the leases have been re-geared and the operational efficiency has been improved.
Residential: Avant Capital Partners managed a residential portfolio of 3.200+ apartments across 106 assets in Finnish growth cities acquired through multiple acquisitions – both market and off-market – together by Avant Capital Partners and a US based investor. We applied various measures to improve operational performance and hired a strong in-house team in the platform. The platform was successfully divested after on average 18 months hold period.
Helsinki office: Avant Capital Partners managed a 15 asset office portfolio mainly in the Helsinki Metropolitan Area with approx. 124.000 sqm lettable area in a JV with Avant Capital Partners, a UK based investment management firm and a Finnish pension company. Post-acquisition we executed number of major lettings, early divestments and improved the income and overall portfolio performance substantially. The portfolio was successfully divested after 18 months hold period.
News & Announcements
PRESS RELEASE 25.5.2023
KKR announces the acquisition of a Residential Portfolio in Finland
First investment in the Nordics through KKR’s European Real Estate Core Plus strategy.
PRESS RELEASE 9.12.2021
Avant continues to manage Ideapark Oulu
Avant Capital Partners (“Avant”) has entered into agreement with UB Nordic Property Fund (AIF) (“UB”) regarding asset management services in Ideapark Oulu Shopping Center (“Ideapark”).
PRESS RELEASE 31.1.2020
Avant and AIP acquire eur 480m office in Helsinki with a South Korean-Finnish consortium
Avant Capital Partners (Avant), together with AIP Asset Management (AIP), have lead a consortium which includes Varma Mutual Pension Insurance Company, NH Investment & Securities (NHIS) and Shinhan Investment Corp., to acquire OP Cooperative’s headquarters in Helsinki in a EUR 480 million sale and leaseback transaction.