Merimieseläkekassa’s Acquisition of a Residential Portfolio

Borenius advised Morgan Stanley Real Estate Investing.

A real estate fund advised by Morgan Stanley Real Estate Investing in a joint venture with Premico and RIM, acquired 306 rental apartments, all located in Helsinki Metropolitan Area.

The assets were acquired from two different sellers – the Seafarers’ Pension Funds and the Youth Foundation.

MSREI, Premico and RIM, having previously acquired 1,596 units from Kojamo Plc, have grown their residential portfolio in Finland now to ca. 1,900 apartments. Premico has invested in the portfolio together with the MSREI-advised fund and will be responsible for managing the properties.

Morgan Stanley Real Estate Investing (MSREI) is the global private real estate investment management arm of Morgan Stanley.

Merimieseläkekassa (MEK) is a pension provider that handles statutory earnings-related pension provision for seafarers.

Borenius team included Saara Paronen (Picture), Niina Nuottimäki, Elisa Hätönen, Mio Kortman, Laura Renholm, Evalena Böling, Emma Laaksonen, Paulus Hidén, Henri Ruotsalainen, Heikki Wahlroos and Max Malinen.

Involved fees earner: Evalena Böling – Borenius Attorneys Ltd; Elisa Hätönen – Borenius Attorneys Ltd; Paulus Hidén – Borenius Attorneys Ltd; Mio Kortman – Borenius Attorneys Ltd; Emma Laaksonen – Borenius Attorneys Ltd; Max Malinen – Borenius Attorneys Ltd; Niina Nuottimäki – Borenius Attorneys Ltd; Saara Paronen – Borenius Attorneys Ltd; Laura Renholm – Borenius Attorneys Ltd; Henri Ruotsalainen – Borenius Attorneys Ltd; Heikki Wahlroos – Borenius Attorneys Ltd;

Law Firms: Borenius Attorneys Ltd;

Clients: Morgan Stanley Real Estate Fund;