Evli Residential II Ky

Evli Residential II is a residential development fund with a high return target. The fund is actively involved in the entire construction value chain until it is disentationded.  The apartments have been attractive as investments and have offered historically stable returns. The aim of the Fund is to act responsibly in the field of the environment, administration and social responsibility.

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Apartments are liquid and defensive investments

Over the past 20 years, apartments have returned over 8% p.a. (KTI). At the same time, they are also considered to be a low risk and liquid real estate asset class.

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Location of sites in growth centers

The fund invests in the Helsinki region and  growth centers (focus Tampere and Turku) and selectively in the municipalities surrounding them. The micro location is selected to maximize utilization and rental yield over the long term.

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The fund's own real estate development raises the return target

The fund's return target is over 10% p.a. (IRR). Own real estate development offers a clearly higher return expectations compared to conventional residential investment.

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Efficient use of capital and a strong project pipeline

The fund’s aims to do investments in a fast pace and its term is 6 years. The goal is to build a residential portfolio of rented apartments of over EUR 300 million during this period, and to liquidate the development margin and portfolio premium quickly after completion.

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Independent management of the entire value chain

Although a significant portion of the return is based on development carried out by the fund, professional rental activity (local knowledge and monitoring of the rental market) and optimization of operating costs also increase cash flow (and the values of apartments) during the term of the fund.

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Highly experienced portfolio management with strong track record

Our experienced residential portfolio management team already has experience of several successful residential development funds. Evli's earlier EAI residential I Ky fund has produced a strong net return, making it one of the best-performing residential funds in Finland.

NB! This product is intended for professional investors and a limited number of non-professional clients who make an investment of at least € 100,000 and who are considered to have an adequate understanding of the fund and its investment activities.

Fund terms

Fund (AIF) Evli Residential II Ky
Phase Open
Legal structure Finnish limited partnership, closed-end fund
Alternative investment fund manager (AIFM) Evli Fund Management Company Ltd
Geographic focus Finland
Investment instrument Residential real estate
Strategy Real estate development and rental
Operating period

6 (+3 by GP:n decision) years

Investment period

4 years (target 3 or less)

Return target Over 10% annual return (net IRR*)
Minimum commitment 100.000 €
Target size 100 M€

* internal rate of return

Fund's expenses and other supplementary information are available in the Key Investor Information Document.

Suitable for investors:

  • who wants access to fund's own real estate development, which offers a much higher return expectation compared to conventional residential investment
  • who wants to invest in a real estate asset class that have returned over +8% a year over the past 20 years
  • who accepts that the investment has poor liquidity and hence weak opportunities for exit. Investors must be prepared for their subscribed assets to be tied-up for 6 years and, in special circumstances, possibly even longer
  • for professional investors and a limited number of non-professional clients who are considered to have an adequate understanding of the fund and its investment activities

How to subscribe?

This product is intended for professional investors and a limited group of non-professional clients who make an investment of at least € 100,000 and who are considered to have an adequate understanding of the fund and its investment activities.

The fund is open to new subscriptions. Min. investment € 100,000

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