Taaler’s new housing fund raised EUR 58 million in the year
TAALERI CORPORATION PRESS RELEASE DECEMBER 29, 2021 AT 10:30 AM (EET)
Taaler’s new housing fund raised euros 58 million in the first round of funding
Taaleri Housing Fund VIII raised EUR 58 million in the first round of financing. The fund is the first fund jointly established by Taaler and Aktia Bank. The fund will start investing in early 2022.
The fund builds high-quality and energy-efficient rental housing projects in Finland’s three largest growth centers, ie the Helsinki metropolitan area, Tampere and Turku. The fund is a real estate private equity fund classified as a product of Article 8 of the EU Sustainable Finance Communication Regulation, which as such is a pioneer in the Finnish real estate market. The fund promotes sustainable development by investing in properties that meet defined ESG criteria for environmental and social responsibility and good governance. At the same time, it contributes to the EU’s environmental goals, paying particular attention to, for example, the energy efficiency and carbon footprint of sites.
The fund is, as its name implies, the eighth housing fund set up by Taaler. Taaleri was one of the first to launch a housing fund in Finland in 2009, after which the company has exited five funds. The most recent exit took place in the summer of 2021, when Taaleri Asuntorahasto VI Ky was sold to a pan-European real estate fund managed by the German PATRIZIA AG. All exits have been successful, exceeding the set return targets.
“Aktia’s fundraising has been successful with the sale launched in October. We can be very proud of the outcome of the first round of fundraising, which ended quickly. This is a good indication of the market demand for the new responsible housing fund and the successful cooperation between Taaleri and Aktia, says Essi Sten, CEO of Taaleri Kiinteistöt.
Jan Hellman, Investment Director, has been appointed as the fund’s portfolio manager and has also been responsible for several of Taaler’s previous housing funds. The portfolio management is supported by Taaler’s experienced real estate organization, whose core competencies cover the entire life cycle of the fund, from the first investment activity to the exit of the fund.
For more information, contact:
Essi Sten, President and CEO, Taaleri Kiinteistöt, +358 40 746 2202
Taler in brief
Taaleri is a Nordic investment and asset manager that emphasizes renewable energy and other alternative investments. We channel capital to economically viable companies that have a lasting positive impact on the environment and society. We have been a signatory to the United Nations Principles for Responsible Investment (UNPRI) since 2010 and joined the Net Zero Asset Managers initiative in 2021. Taaler’s vision is to be a Nordic pioneer in alternative investments focused on sustainable development.
Taaler has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate, bioindustry and infrastructure operations. The Strategic Investments segment includes Garantia Insurance Company Limited.
Taaler has EUR 2.1 billion in assets under management in its private equity funds and mutual funds. The company has about 120 employees. Taaleri Oyj is listed on Nasdaq Helsinki.
Siri Markula, Communications and Investor Relations Manager, tel. +358 40 743 2177, [email protected]