We advised Morgan Stanley Real Estate Investing in connection with the acquisition of a portfolio comprising 1,594 rental apartments from Kojamo Group plc. The acquiring parties were a real estate fund managed by Morgan Stanley Real Estate Investing, Premico Group Oy and Renger Investment Management AB. The assets are located in 15 cities in Finland. The value of the transaction is EUR 97 million, and it is expected to be closed during the second quarter of 2018. Borenius also advised on the financing and tax aspects of the transaction.
Morgan Stanley Real Estate Investing (MSREI) is the global private real estate investment management arm of Morgan Stanley.
Kojamo Group plc is the largest real estate investor in Finland and specialises in residential properties.