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Partner with Aare in Finnish commercial real estate.

YOUR LOCAL REAL ESTATE INVESTMENT AND OPERATING PARTNER IN FINLAND

Local market access. Hands-on execution. Active asset management.

 

A local operating partner for real estate investment in Finland

Aare develops, owns and actively manages commercial real estate in Finland. We combine local market knowledge, relationship-led sourcing and property-level analysis to identify opportunities where active ownership, redevelopment or repositioning can create value.

 

Investment, development, leasing and active asset management are integrated within one team. From origination and underwriting through acquisition, business plan execution and ongoing asset management, Aare remains directly involved at property level.

 

We are looking to establish a long-term joint venture with an international institutional investor seeking direct real estate exposure in Finland. Aare would act as the local operating partner, leading origination, underwriting, transaction execution, development, leasing and active asset management.

Aare in Numbers

168 M€

Portfolio Value

123 000 m²

Gross Leasable Area

125

Number of Tenants

75 %

Energy Class A (% of Portfolio Value)

65 %

Certified Properties (% of Portfolio Value)

10/2026

HOW WE CREATE VALUE

Local origination. Integrated execution. Active asset management.

frenckell aare invest

frenckell aare invest

Deep local networks and micro-location insight support relationship-led sourcing and access to opportunities where value is not yet fully reflected in current cash flow or pricing.

frenckell aare invest

Acquisition, development, leasing and asset management capabilities within one team support disciplined execution of the agreed business plan.

frenckell aare invest

Hands-on asset management combines local expertise, property-level data and AI-assisted monitoring to support occupancy, NOI growth and long-term asset value.

Investment focus

Geography: Finland, with a strong local base in the Tampere region.

Sectors: Light industrial · Retail · Urban offices · Social infrastructure

Strategy: Value-add and repositioning opportunities, selective development and income-producing assets with potential to improve occupancy, NOI, energy performance or use.

Typical investment size: €6–65 million per transaction.

Investment & operating model: one team from origination through execution and ownership

01 Origination & underwriting

Local market knowledge, long-standing relationships and AI-assisted analysis support opportunity screening, property-level analysis, due diligence and investment decision-making.

02 Acquisition & structuring

We lead local transaction execution and coordinate the workstreams required to complete an acquisition in line with the agreed investment strategy.

03 Business plan execution

Development, repositioning, capex execution and leasing focused on delivering the agreed property-level business plan.

04 Active asset management & realisation

Active asset management focused on occupancy, NOI growth, capex discipline and long-term asset value. Hold, refinance or exit decisions follow the agreed investment strategy.

A diversified commercial portfolio

Our portfolio spans four property segments in the Tampere region: retail, light industrial, social infrastructure and urban offices. We focus on opportunities where a new use, refurbishment or closer tenant cooperation can improve a property’s performance and support its long-term value.

 

aare invest_tampereen-autocenter

 

Frenckell, Tampere

A new chapter for a landmark

Acquired from the City of Tampere in 2023, Frenckell demonstrates Aare’s ability to execute complex adaptive-reuse projects in prime urban locations. The 20,349 m² historic property is being transformed into a new city-centre destination, including a 168-room hotel operated by Nordic Hotels & Resorts and scheduled to open in 2028.

Key facts

20,349 m² gross area · 168 rooms & suites · Operator: Nordic Hotels & Resorts (Strawberry) · Opening: 2028
“Tampere city centre has an exceptional number of buildings whose next lifecycle is only beginning.” — Marko Kuusisto, CEO
Frenckell Hotel aare invest_strawberry

Why Tampere: One of Finland’s leading growth markets

Attractive relative pricing

Tampere can offer a yield premium to Helsinki and selected Nordic peer markets.

Strong growth fundamentals

Population growth, a diversified economy and major infrastructure investment support long-term demand.

R&D and talent hub

One of Finland’s leading hubs for research and development, supported by universities and a deep base of skilled talent.

Increasing institutional activity

A growing number of domestic and international investors are active in Tampere, supporting market liquidity and institutional depth.
(e.g. CBRE/JLL/Catella/Newsec, Q3 2026) before publishing.]

Built to last

Sustainability

Where feasible, we prioritise extending the economic and technical life of existing buildings through repositioning, refurbishment and improved energy performance. Energy efficiency, environmental certification and lower-carbon solutions are integrated into our development and asset management approach.
AI-assisted building systems, automation and real-time consumption data help us optimise electricity and water use, identify operational inefficiencies and improve building performance. We are committed to reaching net zero by 2040.
75% Energy Class A · 65% certified (by portfolio value)

People behind the partnership

Our team has invested in and developed real estate across market cycles since the late 1990s, with experience spanning acquisitions, development, conversions, zoning-led projects, renovations and new builds.

Marko Kuusisto, CEO, Aare Invest

Marko Kuusisto

CEO

marko.kuusisto@aare.fi
Sofia Hult-Heljanko, CFO, Aare Invest

Sofia Hult-Heljanko

CFO

sofia.hult-heljanko@aare.fi
Henri Siljamäki, Director, Capital Partnerships, Aare Invest

Henri Siljamäki

Director, Capital Partnerships

henri.siljamaki@aare.fi

Let’s continue the conversation

We are looking to establish a long-term institutional joint venture with an investor seeking direct real estate exposure in Finland. Request our investment presentation below, or contact Henri Siljamäki directly to discuss a partnership.

henri.siljamaki@aare.fi  +358 40 575 6709

Request our investment presentation

This page is provided for information purposes only and does not constitute an offer, solicitation or commitment to enter into any investment, joint venture or other transaction. The information is indicative and subject to change. Any potential transaction would be subject to further evaluation, due diligence and separately agreed terms.