Highlight 21 December 2023

Krogerus advises Catella fund on residential portfolio acquisition

Krogerus advises a fund managed by Catella Residential Investment Management GmbH on acquisition of five residential properties from S-Bank Housing non-UCITS Fund. The properties are located in Espoo, Kerava, Tampere and Turku and the portfolio comprises 350 apartments with a total of 14,200 square meters of lettable space. These properties have been completed between 2017 and 2021.

"In recent years, we have introduced two new Catella managed funds to the Finnish market by acquiring over 700 residential units together with Krogerus. We are extremely pleased for the consistent professionalism and commercial approach shown by this team. They work relentlessly, especially Ilari Mustonen, who did the heavy lifting this time", says Tapio Nurkkala, Investment Director at Catella Asset Management.

Krogerus team was led by Partner Pyry Somervuori together with Counsel Ilari Mustonen and they were primarily assisted by Counsel Piia Sinisalo and Associates Maria Walden and Eveliina Lassila.

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