Residential real estate remains property investor's rock, says Varma

Rent income from residential real estate has kept providing Varma with stable returns during the pandemic. The pensions giant is working on several residential projects which are one of the cornerstones of the institutional investor's property portfolio.

Varma is looking for a hotel operator for a new hotel in Helsinki's seaside. The hotel is expected to start operating in 2023. | Photo: PR / Varma

Residential real estate has provided stable returns throughout the pandemic crisis and is likely to remain a rock for institutional investors in the long term, says Ilkka Tomperi, Head of Real Estate at the Finnish pensions giant Varma.

"The crisis has not dramatically affected the rental income from office properties, as companies tend to have rather long leases. It is mainly restaurants and hotels that have had these difficulties. I would say that residential real estate is a very interesting case going forward from the point of view of an investor," Tomperi tells AMWatch.

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