Taaleri’s first EU taxonomy aligned real estate investments completed - properties promote sustainable development by using low-carbon concrete and producing solar power and geothermal heat

The first EU Taxonomy aligned investments of Taaleri’s newest real estate fund, Taaleri Housing Fund VIII, are completed in Turku and Kirkkonummi. The assets are being constructed by Bonava Suomi Ltd and include a total of 169 new rental homes. In the development phase, special attention has been paid to energy-efficiency and low-emission solutions. Taxonomy is the EU's classification system for sustainable finance, which defines, for example, what kind of investments are in line with sustainable development.

The asset built in Kirkkonummi is the first residential property in Finland where low-carbon concrete elements have been used to this extent. Low-carbon concrete was used in the floor slabs of the buildings, load-bearing walls and elevator shafts.  With selected solutions, carbon dioxide emissions were reduced by about a fifth during construction phase and this led to about 200,000 kilograms less emissions (CO2e) compared to a standard solution.

Properties are also designed to energy-efficiency class A. For example, they produce electricity with their own solar power plants. The properties in Kirkkonummi also have a geothermal heating solution installed.

“The construction industry produces globally around 35 percent of greenhouse gas emissions. The climate effects of the built environment must be significantly reduced to adhere to the Paris Agreement's goal of limiting global warming to 1.5 degrees Celsius. Therefore, we are very pleased with our projects that meet the criteria of the EU taxonomy. That also shows our commitment to the climate goals of the Net Zero Asset Managers initiative. We have focused on responsible real estate funds already for years, and the taxonomy aligned assets completed now are key continuation of our development work”, says the fund’s portfolio manager Jan Hellman.

The fund already has under construction next investment targets meeting the taxonomy criteria. Residential properties developed in Aurinkolahti, Helsinki, will have a total of 220 apartments and they will be completed during 2025.

For further information, please contact:
Jan Hellman, portfolio manager, Taaleri Real Estate, 044 544 4445, jan.hellman@taaleri.com

Taaleri in brief

Taaleri is a Nordic investment and asset manager that focuses on businesses with industrial-scale opportunities within bioindustry and renewable energy. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We are a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to become a leading investment manager operating internationally in bioindustry and renewable energy.

Taaleri has EUR 2.6 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.


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