United Bankers’ housing fund started acquisitions

Fund company United Bankersin the housing fund, which started fundraising in autumn 2024, has made its first investments.

According to the press release published by the company, the fund has acquired apartments in Helsinki, Espoo and Kauniain during January. The acquired properties are new apartments completed between 2017 and 2023, located next to rail traffic.

The acquired complex contains a total of 38 apartments and 29 garage spaces from three different housing companies.

The fund’s second portfolio manager Perttu Hokkanen justifies the start of acquisitions with an attractive market situation and the right timing in terms of investment activities.

“With the drop in interest rates, the real estate market is recovering from a two-year decline in values. In the current market situation, apartments are available at quite reasonable prices. In addition, the current Alho of housing construction may lead to a shortage in the supply of rental apartments in the next few years. This partly supports rental income prospects,” Hokkanen says in the announcement.

The housing fund is aimed at professional investors, and the minimum investment in the fund is 100,000 euros. The planned tenure of the fund is 5–8 years. Its target return is more than 10 percent per year.