Housing Fund I LP
In spring 2006, ICECAPITAL established Finland’s first closed-end real estate fund investing in residential properties, in partnership with four Finnish institutional investors. The fund became fully invested in 2009 with total capital of EUR 200 million. The fund invests in 29 non-subsidized residential buildings that have been renovated or are less than 10 years old. Locations are mainly at premium A-area in the Helsinki metropolitan area and in the Tampere, Turku, Jyväskylä, Oulu and Kuopio regions. The fund is leasing the properties at market price.