As a result of Intera’s investment, Avara Isännöinti Oy and Provia Isännöinti Oy will join forces and create a new leading player in the Finnish real estate management market. The new company will become one of the largest Finnish real estate management players that will challenge the large and established companies within the industry. The merger enables potential for strong growth and opens up new opportunities to further develop industry practices. Both companies’ key personnel will continue in central positions after the transaction and the transaction has no effect on current customer agreements.
“We are satisfied that we can renew the Finnish real estate management industry through this investment. Avara Isännöinti and Provia Isännöinti are both very well-regarded players within the industry, and the work done by their employees enables a strong foundation on which to build future development and growth. The basis for the new company’s operations is exceptional customer service, utilization of digital systems as well as responsible and transparent working methods”, says Intera’s partner Arjo Laukia.
Avara Isännöinti is a B2B focused real estate management company that operates in multiple municipalities in Finland. Its revenue is around €4m and it employs around 40 personnel. Provia is a real estate management company focused on capital region B2C customers. Its revenue is around €6m and it has around 50 employees.
Intera Partners
Avara Isännöinti
Provia Isännöinti
