Case Studies

Jungmann

In 2019 Mrec Investment Management acquired together with Edmond de Rothschild REIM a vacant office property in Helsinki city centre Katajanokka area. The property is undergoing a full-scale conversion into a modern living property offering 124 long term and serviced apartments with necessity driven services on the ground floor. The property will be developed to the highest ESG standards aiming at LEED Platinum certification and will be completed during H1 2022. For more information www.jungmann.fi

Antilooppi

Mrec acted as an exclusive advisor to Ilmarinen Mutual Pension Insurance Company in the sale and JV structuring of EUR 400 million office portfolio in Helsinki. The portfolio was acquired by a new JV structure Antilooppi, established by Ilmarinen and the Swedish pension company AMF. Following the transaction Mrec was responsible for the interim management of Antilooppi as an operating partner together with Swedish Cavendo AB. During the interim management period, Antilooppi made new acquisitions worth EUR 250 million, signed lease agreements for over 60,000 sqm, recruited the operative personnel and arranged short term financing facility for new acquisitions. Antilooppi was successfully handed over to the new management after 15-month interim period.

Hemfosa

Mrec acted as an exclusive advisor to Swedish stock-listed company Hemfosa Fastigheter Ab (“Hemfosa”) in screening the Finnish market, entering the market, acquiring assets and finally in setting up daily asset management and reporting platform. As a result of the buy and build project, Hemfosa acquired a Finnish real estate portfolio valued at ca. EUR 340 million. Total of 31 properties, ca. 200 000 sqm were acquired during 2015-2019 through nine transactions (eight off-market). Mrec IM had overall responsibility of the Hemfosa’s Finnish real estate portfolio during the buy and build phase.