A responsible pioneer

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

Avara's strengths

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. 



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. 90 % of employees consider Avara a really good working place.

Avara’s vision:

Our aim is to be the preferred partner in residential real estate investment and asset management as well as a leading provider of rental housing.

Retkeilijänkatu 13-15_julkisivu_kesä 2023 (Z) Nettiversio_Teleskooppikuva

Avara’s strategy

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. 

Avara in figures

As of 31 Dec, 2023

€ 1.2 B

Value of assets under management


New apartments completed of under construction

7 585


6 755

Avara rental apartments

94 %

Economic occupancy rate

Vanha talvitie 3_julkisivu_talvi_päivä1 (web) (1)

Avara’s owners

As a result of the transactions completed in May 2024, the management of Avara became the majority owners. Avara’s Senior Management and Chair of the Board Risto Kyhälä own approximately 90% of the company. 

The Senior Management participating in the transaction comprises Mika Savolainen, CEO of the parent company; Harri Retkin, Chief Investment and Finance Officer; Tuomas Rantsi, Chief Operating and Development Officer; and Arttu Ekqvist, CEO of Avara Funds Ltd. All four management team members have years of shared history and experience in Avara.

Ownership structure of managed property assets

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