Mutual trust and common long-term goals
Our goal to create partnerships that are built on mutual trust and common long-term goals have allowed us to represent and invest alongside companies such as AMF pensionsförsäkring, Varma Mutual Pension Insurance Company, Capman Nordic Real Estate Investment, Antilooppi Oy, AXA IM Real Assets, LaSalle Investment Management och Schroder Real Estate. Since inception in 2014 we have conducted real estate transactions totaling SEK 1,2billion within most asset classes. Of these transactions, 40% have been off market. All of the transactions have been cross border.
Investor: AMF Pensionsförsäkring and Ilmarinen Mutual Pension Insurance Company
Lettable area: 230 000 kvm
In 2015 Cavendo provided advice to AMF Pensionsförsäkringar for establishing the office property company Antilooppi in Helsinki together with the Finnish pension insurance company Ilmarinen. At inception, Antilooppi acquired a portfolio of 15 office properties with a total leasable area of 230.000 square meters, at a value of over EUR 400 million from Ilmarinen. The objective of Antilooppi was to develop a professional in-house organization and grow the company into one of the largest property companies in Finland. Cavendo was hired as an operating partner to Antilooppi through its JV-company Exsmith from the start.
Exsmith, jointly owned by Cavendo and Mrec, delivered an interim management platform for Antilooppi which was responsible for sourcing new acquisitions, portfolio management and setting up the in-house organization. Antilooppi very well illustrates how Cavendo can create long term value for its partners by sourcing large-scale investment opportunities and delivering a management platform that creates structural values and strong operational results.