Premico

What Premico does

Premico is a Helsinki-based residential real estate investment management firm (legal entity Premico Group Oy) that develops and manages closed-end residential funds and separate account mandates for professional and institutional investors. Founded in 2016 (note: one firmographic field cites 1963, but the current Premico entity was established in 2016 per official source), the company has built a platform comprising eight residential funds with approximately €1.3 billion in total investment capacity and over 6,000 rental apartments under management across more than 20 Finnish cities. Its two operational lines are (1) fund management through Premico AIFM Oy, a Finnish Financial Supervisory Authority-authorized Alternative Investment Fund Manager offering Premico Residential Funds I (€170M, affordable housing), II (€100M), III (€45M, carbon-neutral / EU Taxonomy-aligned), and (2) asset management mandates acting as local operating partner for capital partners including Morgan Stanley Real Estate Investing (Prime and Cleo portfolios totaling ~850 units) and Nordic fund manager Slättö (Eden portfolio, 544 units), plus a separate account mandate with Merimieseläkekassa Seafarers' Pension Fund (463 units, €70M).

The company sells exclusively through direct institutional relationships with pension companies, insurance firms, trade unions, foundations, family offices, and asset managers, with no retail distribution. Revenue is generated through recurring fund management fees (subscription/recurring model on AUM) and asset management service fees (managed services on externally-owned portfolios). Premico AIFM Oy (regulated fund management) and Premico Asset Management Oy (property management) are wholly-owned operating subsidiaries; Premico Kodit handles rental brokerage. In October 2025, Premico divested its construction project management subsidiary Premico Consulting Oy (with a 7-person team) to Eerika Consulting Oy to sharpen strategic focus on residential investment management. Sustainability integration is a documented differentiator: all Fund III projects target LEED Gold or BREEAM Very Good certification, A-energy class, and EU Taxonomy alignment, with SFDR Article 4 disclosures published via Premico AIFM.

Leadership is led by CEO Sami Kiehelä, CIO Samuel Tuomola, CFO Rami Sinnelä, and Director of Residential Funds Ville Siivonen, supported by 51-100 total employees. The firm is privately held with no disclosed parent or external PE/VC backing; ownership appears to reside with founding partners and management.

Name

Premico

Legal name

Premico Group Oy

Website

https://premico.fi

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Premico is a Helsinki-based residential real estate investment manager that develops and operates residential funds and separate account mandates totaling approximately €1.3 billion across 20+ Finnish cities, serving institutional investors including pension funds, trade unions, Morgan Stanley, Slättö, and Merimieseläkekassa through its regulated AIFM subsidiary.

Ownership category

akta.pro rank

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Fund Management Fees: Premico AIFM acts as Alternative Investment Fund Manager for residential funds, earning management fees from institutional investors. Premico Residential Fund I has investment value of approximately €170 million, Fund II approximately €100 million, Fund III approximately €45 million.
2. Asset Management Fees: Premico acts as local operating partner and asset manager for capital partners including Morgan Stanley (Prime and Cleo portfolios) and Slättö (Eden portfolio), earning fees for portfolio management and operational services.
3. Separate Account Mandate Fees: Premico Residential Portfolio 4 Ky with Merimieseläkekassa represents approximately €70 million mandate for operational management and strategic partnership.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Premico is a Finnish real estate fund and asset management company specializing in residential real estate investments. It manages alternative investment funds and separate account mandates for institutional investors, and acts as local operating partner for international capital partners' residential portfolios in Finland. The company combines fund management (via its authorized AIFM subsidiary) with active asset management of over 6,000 rental apartments across more than 20 Finnish cities.

Product overview

Premico is a Finnish real estate fund and asset management company specializing in residential investments. The company operates through two main service lines: (1) Funds and Separate Accounts managed by Premico AIFM, including Premico Residential Fund I (affordable housing, €170M), Fund II (affordable housing, €100M), Fund III (carbon-neutral housing, €45M), and Portfolio 4 Ky (separate mandate, €70M); and (2) Asset Management services as local operating partner, including Prime and Cleo portfolios (with Morgan Stanley) and Eden portfolio (with Slättö). The company also provides sustainability and compliance services including a Whistleblower Channel and Code of Conduct. All products are exclusively focused on residential real estate investments for professional investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Premico Residential Fund I Finnish real estate fund that invests in affordable rental housing development using state short-term interest subsidy, targeting professional and institutional investors seeking exposure to Finnish residential market.
• Premico Residential Fund II Sister fund to Fund I developing over 400 affordable rental apartments in Helsinki metropolitan area and surrounding municipalities for institutional investors.
• Premico Residential Fund III Fund investing in energy-efficient, operationally carbon-neutral rental apartment buildings in Helsinki metropolitan area and Turku, exclusively in EU Taxonomy-aligned assets, targeting professional investors seeking ESG-compliant residential exposure.
• Premico Residential Portfolio 4 Ky Separate account mandate in partnership with Merimieseläkekassa (Seafarers' Pension Fund) comprising 463 apartments across Helsinki, Turku, and Mariehamn, where Premico is responsible for execution of investment strategy and active asset development.
• Prime Portfolio Asset Management Asset management service as local operating partner to Morgan Stanley for ownership and development of approximately 350 apartments in Greater Helsinki, focusing on acquiring existing properties in prime locations and redeveloping into high-quality rental apartments.
• Cleo Portfolio Asset Management Asset management service as local operating partner to Morgan Stanley for ownership and development of more than 500 apartments in Greater Helsinki, with the objective of increasing rental income and portfolio value through apartment refurbishments and active asset development.
• Eden Portfolio Asset Management Asset management service as co-investor and local operating partner to Slättö for management of 544 apartments in Greater Helsinki and Tampere, responsible for practical implementation of the portfolio's business plan.
• Premico AIFM Fund Management Services Regulated alternative investment fund management service authorized by the Finnish Financial Supervisory Authority, providing SFDR sustainability-related disclosures and managing residential alternative investment funds.

Quantifiable outcome

• 37% realised return on previous Morgan Stanley portfolio exit (2018-2022)
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered divested, major, supporting and core.

• Eerika ConsultingdivestedStrategic or Co-development Partner · 8 October 2025Premico Consulting (building project management consultancy) was divested to Eerika Consulting. Seven-person expert team transferred. Premico now focuses exclusively on residential fund and asset management. Eerika Consulting specializes in commercial/hotel projects, new construction, and technical management.
• Toivo GroupmajorStrategic or Co-development Partner · 1 January 2025Premico Residential Fund III acquired residential building under construction from Toivo Group in Helsinki's Puistola district. Approximately EUR 15 million transaction.
• Vella KoditsupportingStrategic or Co-development Partner · 1 January 2025Rental property brokerage and management partner. Handles leasing of apartments including Asunto Oy Helsingin Postinkulku. Provides digital tenant services through KomuHomes application.
• FiracoreStrategic or Co-development Partner · 1 January 2024Construction partnership for Premico Residential Fund III projects. Fira executes Asunto Oy Helsingin Postinkulku (99 apartments) on turnkey basis as design-build contract. Project targets LEED Gold certification and A-energy class. Fira's industrial construction methods improve throughput while maintaining quality.
• DLA Piper FinlandsupportingImplementation/ SI/ Consulting Partner · 1 January 2024Legal advisor to Premico in the Fira construction transaction for Asunto Oy Helsingin Postinkulku.
• SwecosupportingStrategic or Co-development Partner · 1 January 2023Environmental consultant for Asunto Oy Espoon Feeniks project. Achieved full LEED points for energy efficiency and renewable energy production. Property is carbon-neutral in energy usage through solar and wind power.
• SkanskamajorStrategic or Co-development Partner · 1 January 2022Construction partner for Premico Residential Fund II. Contract for 83 affordable rental apartments in Kruunuvuorenranta, Helsinki (Asunto Oy Helsingin Spektri), financed through ARA short-term interest subsidy loan. Also partnered on previous acquisitions.
• Pohjola RakennusmajorStrategic or Co-development Partner · 1 January 2022Construction partner for 65 rental apartments in Porvoo city centre, complementing Premico Residential Fund I and II portfolios.
• LujatalocoreStrategic or Co-development Partner · 1 January 2022Construction partner for Premico Residential Fund III. Built Asunto Oy Espoon Feeniks (42 apartments) in Holmanpuisto area, achieving LEED Gold certification and meeting all six EU Taxonomy environmental goals. Long-term cooperation relationship.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Niam Capital: Nordic-focused real estate investment manager with multiple value-add and core-plus funds investing in commercial and residential assets across the Nordics. Highly comparable to Premico in business model (institutional capital raising, separate mandates, asset management) and geography (Nordic concentration including Finland).
• Brunswick Real Estate: Danish-based Nordic real estate investment manager operating fund and separate-account vehicles targeting logistics, residential, and office across the Nordics and DACH. Comparable to Premico as a mid-sized, Nordic-institutional-grade fund manager serving pension and insurance LPs with regionally focused mandates.
• Slättö Real Estate: Nordic real estate investment manager specializing in residential and community-service properties across the Nordics; already a Premico partner on the Eden 544-unit portfolio. Highly direct peer in business model (value-add Nordic residential funds, institutional LPs, local operating partner network).
• Northern Horizon Capital: Finnish-rooted Nordic real estate fund manager operating multiple value-add real estate funds across the Nordics, Benelux, and Germany. Directly comparable to Premico's fund-and-mandate structure, focus on residential and mixed-use, and reliance on institutional Nordic and European capital.
• Kojamo: Helsinki-listed Finnish residential rental specialist owning ~36,000 apartments in Finland via the Lumo brand. A direct competitor to Premico's owned-and-managed stock in the Finnish residential rental market, though substantially larger and publicly traded.
• Sato: One of Finland's largest residential rental owners, owned by APG and managing ~25,000 apartments across Finland. Direct vertical peer in owned-and-operated Finnish residential, and a potential large-customer or counterparty relationship for a fund manager like Premico.
• eQ Asset Management: Finnish asset manager running private equity, real estate, and credit funds for institutional and high-net-worth investors. Comparable to Premico as a Finland-domiciled, FIN-FSA-regulated investment manager with a real estate fund vertical serving domestic institutions.
• CapMan Real Estate: Listed Finnish private asset manager with a significant real estate vertical operating Nordic and European value-add real estate funds plus separate mandates. Closely comparable to Premico in business model (institutional capital raising, asset management, residential and mixed exposure in the Nordics).

Broad incumbents

• Heimstaden: European residential major owning ~160,000+ homes across Sweden, Denmark, Germany, Norway, Iceland, Czechia, and the Netherlands. Broad incumbent in the Nordic residential space with comparable institutional capital structure and Finnish sub-portfolio, but at much greater scale than Premico.
• Samhällsbyggnadsbolaget (SBB): Large Swedish-listed real estate company with significant Nordic residential and community-service exposure. Broad incumbent in the Nordic residential investment landscape, comparable in asset-class and geographic focus but at substantially larger scale and broader mandate than Premico.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/premico
• Instagraminstagram.com/premicogroup

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Premico