A responsible pioneer

Finland’s leading partner specialising in investment, asset management, and property management

Avara's strengths

1. Avara masters the entire value chain of residential properties

Avara’s services cover real estate investment and asset management as well as property management and building management as a whole.

We manage our customers’ property assets and the customer experience of housing holistically, professionally, and independently to achieve the best customer satisfaction and overall returns.

2. Preferred partner

Our customers are made up of Finnish and international professional investors focused on housing, property owners, and tenants. We develop our business operations and services with a customer-oriented, active, and flexible approach. We identify and fulfil our customers expectations to achieve the best shared outcome.

3. Best customer experience

We provide our customers with professional and individualised services. We aim for the best customer experience with a first-rate team, efficient, and responsible operating models as well as a strong, common set of values. Our ambition is to achieve the highest customer satisfaction rate in the industry.

4. First-rate team

We make use of our unique experience and understanding of the industry to achieve the best overall returns for our customers. Avara’s personnel consists of top professionals of the real estate business’s different sectors. We invest in the active development of our personnel and want to be the real estate industry’s preferred employer.

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Great Place to Work® certified working place

We commissioned the Great Place to Work® Trust Index ™ Personnel Survey. Thanks to great results, we achieved Great Place to Work certification. 93 % of employees consider Avara a really good working place.

Avara masters the entire value chain of residential properties

Avara’s services cover real estate investment and asset management as well as property management and building management as a whole. 

We manage our customers’ property assets and the customer experience of housing holistically, professionally, and independently to achieve the best customer satisfaction and overall returns. 

Preferred partner

Our customers are made up of Finnish and international professional investors focused on housing, property owners, and tenants. We develop our business operations and services with a customer-oriented, active, and flexible approach. We identify and fulfil our customers expectations to achieve the best shared outcome. 

Best customer experience

We provide our customers with professional and individualised services. We aim for the best customer experience with a first-rate team, efficient, and responsible operating models as well as a strong, common set of values. Our ambition is to achieve the highest customer satisfaction rate in the industry. 

First-rate team

We make use of our unique experience and understanding of the industry to achieve the best overall returns for our customers. Avara’s personnel consists of top professionals of the real estate business’s different sectors. We invest in the active development of our personnel and want to be the real estate industry’s preferred employer. 

Avara’s vision:

The preferred strategic partner in housing and residential real estate investment.

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Avara’s strategy toward 2024

Avara aims for profitable growth in all areas of its business:

  • Investment management
  • Asset management
  • Property management

The growth strategy is based on the company’s role as a strategic partner of professional investors and on Avara’s own investment activities. 

As Finland’s biggest investment and asset management company of residential properties, Avara’s goal is to double the company’s managed assets to EUR 2.5 billion within three years.

Avara in figures

As of 31 Dec, 2022

€ 1.2 B

Value of assets under management

645

New apartments completed of under construction

7 404

Tenants

6 594

Avara rental apartments

96,4 %

Economic occupancy rate

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Avara’s owners

The largest shareholders of the Group’s parent company Avara Oy are Elo Mutual Pension Insurance Company (34%), the company’s senior management through their company Erreon Oy (30%), Fennia Life Insurance Company (15%) and OP Group companies (11% combined). Avara has a total of 19 shareholders and the five largest shareholders own more than 90% of the company’s shares.

Ownership structure of managed property assets

You can find further information on the ownership structure of the real estate portfolios here.