Real Estate Investors in Finland

Finland flies under the radar in European real estate—but that’s exactly why the capital flowing in is some of the most strategic. With a stable economy, world-class infrastructure, and a strong rule of law, Finland offers an environment where long-term, low-volatility property investments thrive. Helsinki leads the market in both size and sophistication, but emerging hubs like Tampere, Turku, and Oulu are increasingly attracting attention from both local and international investors—particularly in logistics, housing, and life sciences-driven real estate.

Finland’s real estate ecosystem is shaped by pension funds, REITs, city-owned land entities, and a growing number of international private equity firms and proptech VCs. Below is a curated list of investors actively backing property developments and real estate platforms in Finland. Whether you’re raising capital for an urban renewal project in Helsinki or building a proptech venture in Espoo—this is the real money behind the market.

• Ilmarinen – One of Finland’s largest earnings-related pension insurers and a dominant real estate investor. Ilmarinen owns and manages over €5 billion in real estate, including major office towers in Helsinki, residential blocks across the capital region, and prime retail holdings.
• Varma Mutual Pension Insurance Company – Another pension heavyweight, Varma has significant investments in office, logistics, and residential across Helsinki and other major Finnish cities. They have co-invested with construction companies on urban developments like REDI in Kalasatama.
• SATO – One of Finland’s largest residential investors and landlords. SATO owns over 26,000 rental homes, mostly in the Helsinki Metropolitan Area. The company has been investing in smart living tech and tenant digital services to modernise its operations.
• Kojamo Oyj – A publicly listed residential real estate company with over 38,000 apartments. Kojamo’s “Lumo” brand targets urban professionals in Helsinki, Tampere, and Turku. Strong focus on digital leasing, tenant experience, and ESG compliance.
• NREP – The largest private real estate investor in the Nordics, NREP is highly active in Finland, especially in logistics, care homes, and sustainable urban residential development. Recently launched the Noli Studios co-living platform with assets in Helsinki and beyond.
• Citycon – Headquartered in Helsinki, Citycon is a major owner and developer of urban retail centres across the Nordics. In Finland, they own several large retail complexes including Iso Omena and Lippulaiva. The company is repositioning towards mixed-use formats and residential add-ons.
• CapMan Real Estate – A leading Nordic private equity and asset manager with €5 billion AUM. CapMan Real Estate invests across office, retail, and residential in Finland, Sweden, and Denmark. Their new impact fund is targeting affordable housing and ESG retrofits in Helsinki.
• YIT – Finland’s largest construction and urban development company. While known for construction, YIT also co-invests in large-scale urban development projects such as Tripla and Garden Helsinki. YIT often acts as a GP, co-raising capital from local LPs and institutions.
• Premico – Specialises in residential development and property asset management. Premico has been particularly active in affordable rental housing and student apartments across Southern Finland. They also manage a growing proptech investment arm.
• Auratum Kiinteistöt – A Turku-based real estate investor and developer. Focused on residential and commercial properties in growth cities. Auratum is often involved in public-private partnerships and also manages private real estate funds for Finnish investors.
• Relia – A smaller but agile investment company specialising in residential and small-scale logistics assets in Finland. Relia is known for acquiring assets in secondary cities like Jyväskylä and Lahti and repositioning them for long-term rental income.
• Rena Invest – A private investment group focused on value-add real estate across Southern Finland. Rena works with international family offices and has funded light industrial and mixed-use projects in the Helsinki and Tampere corridors.
• Aktia Real Estate Funds – The real estate fund division of Aktia Bank. Invests in both core and value-add assets across Finland, particularly in logistics and healthcare real estate. Open to co-investments with developers and sponsors.
• EQT Exeter – Part of the EQT Group, EQT Exeter has entered the Finnish market via its European logistics platform. They have recently acquired warehouses and cross-dock facilities near Vantaa and along the E75 corridor.
• Avara – One of Finland’s leading residential asset managers. Avara operates both directly and on behalf of institutional clients, with a portfolio focused on rental apartments in Greater Helsinki. Known for active asset management and digital optimisation.
• IGB – A Helsinki-based property investment firm that develops and owns residential and hybrid commercial properties. IGB has recently raised capital for mixed-use developments in Espoo and has a strategy aligned with sustainability certifications.
• eQ Asset Management – A Finnish investment manager with multiple real estate funds targeting both institutional and retail investors. Their eQ Finnish Real Estate fund is heavily weighted in Helsinki offices, logistics, and public-use properties.
• Sponda – One of the country’s largest commercial real estate companies. Sponda owns and manages retail, office, and logistics properties in major cities. Now owned by Blackstone, Sponda is repositioning its portfolio for ESG compliance and long-term yield.
• Taaleri – A Finnish asset manager investing in real assets, energy, and real estate. Taaleri’s real estate funds have backed residential and green logistics projects in Helsinki, Tampere, and Porvoo. They also support Finnish real estate startups.

Finland’s real estate tech sector is growing rapidly, with Helsinki-based startups like Cubicasa (floor plan automation), Kodit.io (iBuyer model), and Assetti (property management SaaS) gaining international attention. Investors are increasingly blending digital tools with brick-and-mortar portfolios.

For developers and founders working in Finland’s regulated but investor-friendly environment, understanding deal structure and local capital requirements is essential. For templates, tools, and guidance, visit DealStructuring.com.

Finland’s real estate future will be built on sustainability, data, and long-term alignment. With some of the most stable institutions in Europe and a new wave of private capital entering the market, now is the time to raise, build, and scale in the Nordics’ most quietly confident market.