Keva and Axiom Advisors form new real estate company in Finland

Keva, Finland's largest pension provider, and Axiom Advisors Oy, a commercial real estate consultancy, have teamed up to create a new real estate investment company called Selena Kiinteistöt.

Keva properties

Keva will transfer 18 of its commercial properties, primarily located in the Helsinki metropolitan area, as well as in Tampere, Turku, Vaasa, and Kuopio, to Selena Kiinteistöt. These properties have a total leasable area of around 182,000 m2.
Starting in November, Axiom Advisors Oy's team will manage Selena Kiinteistöt's properties, find new customers, and oversee property development. 
Petteri Säntti, a partner at Axiom Advisors Oy, will lead the new company.
Carl-Henrik Roselius, head of Real Estate Investments at Keva, said: ‘Through this joint venture, we can develop the properties even more effectively in a changing market environment. Axiom Advisors Oy’s strong expertise in developing precisely this type of property supports our goal of increasing the occupancy rate, improving net returns, and ensuring the competitiveness of the properties in the future.”
Petteri Säntti commented: “I am excited that we have the opportunity to continue Keva’s professional work with a well-managed property portfolio.”
Tero Lehtonen, CEO of Axiom Advisors, added: “Collaboration with Keva is an important step forward for us, supporting our company’s growth strategy. In addition, it provides an opportunity to take our Asset Management services to a new level.”
Keva owns 124 properties to let in Finland, including offices, homes, commercial premises, shopping centres, and hotels.