Case Studies

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 stocklisted 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 has a Finnish real estate portfolio valued at EUR 180 million acquired through four off-market transactions. Currently Mrec has an overall responsibility of the Hemfosa’s Finnish real estate portfolio.