M&G European Property Fund adds €148m Finnish residen

M&G European Property Fund adds €148m Finnish residential portfolio


By IPE staff2020-12-23T11:43:00+00:00
The M&G European Property Fund, which recently expanded into residential markets across continental Europe, has bought a €148m portfolio in Finland.
The €4.1bn European property fund said it has acquired the 10 assets from a ÅB Kodit, a joint venture between Ålandsbanken Housing Fund and YIT, and has bought a single asset from the Ålandsbanken Housing Fund in a separate deal.
The portfolio of 630 apartments will be built and completed on a phased basis with five assets to be ready for occupation by the end of this year with the remainder in 2021, the fund said.

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