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We advised Avara Ltd in the acquisition of the shares of Aari Isännöinti Oy

  • Finland

    04-02-2020

    We advised Avara Oy as it acquired all of the shares of Aari Isännöinti Oy. With the transaction, Avara’s property management business will expand nationwide. Avara and Aari operate in four central regions: Helsinki, Lahti, Jyväskylä and Tampere. The property assets managed by Aari and Avara comprise altogether 17,400 apartments.

    Avara's CEO Mika Savolainen says that the company aims to increase the quality and cost-efficiency of property management through the expansion of the business. By acquiring Aari Isännöinti, Avara strengthens its operations and structure with the building management business.

    Avara is a leading residential real estate investment and asset management company in Finland, managing residential real estate in several funds with an aggregated value of approximately EUR 1.2 million.

    Heikki Tuomela, Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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