References/7 Jul 2016
Borenius advised ICECAPITAL and investors of Housing Fund II Ky in the sale of ICECAPITAL Housing Fund II Ky to VVO-Kodit Oy
We advised ICECAPITAL and investors of Housing Fund II Ky in the sale of ICECAPITAL Housing Fund II Ky to VVO-Kodit Oy (part of VVO Group). The assets of the fund consist of 40 housing companies with over 2000 apartments.
ICECAPITAL is an independent group focusing on investment banking and real estate private equity. In 2006 ICECAPITAL Housing Fund I Ky became the first Finnish real estate private equity fund to invest in Finnish residential rental properties. Currently ICECAPITAL and its funds are a leading player in the field of real estate private equity in Finland.
VVO Group is Finland’s largest privately owned market-based landlord and the largest property owner by value of housing stock. It aims to invest heavily in increasing housing supply in the next three years by developing new properties and buying existing properties.