Trevian residential development project ownership transfers to Peab and Ålandsbanken fund through transaction

HELSINKI, Dec. 19, 2022 /PRNewswire/ -- The Peab and Alandsbanken Asuntorahasto Special Investment Fund acquire an office property in Tapiola, Finland, from Trevian Asset Management and private investors. The property was previously part of a portfolio managed by Trevian, from which Trevian and their partners acquired it a couple of years ago. The new owners will continue to develop the area into a residential block based on a successful area plan developed by Trevian. The existing office building on the property will be demolished and replaced with a residential development of several buildings. With the decision now in place, the development project will be transferred from Trevian for implementation by the new owners. We are proud to be strongly involved in developing cities and neighbourhoods and enabling new housing production in the central areas of urban culture," says Trevian investment director, Kim Sars. We specialize in office, retail and residential property. With eight regional offices, we provide unrivalled local expertise across the whole of Finland. Trevian was established in 2012 and is owned by its key personnel. Trevian services are focused for institutional real estate investors, banks, and other professional investors.