The new opening follows M7’s investment of around €80 million in the Nordics, on behalf of its M7 European Real Estate Investment Parters IV fund. This means the investor now has assets under management totalling around €286 million.
Suomela brings more than 13 years of experience in the real estate sector. He joins M7 from Elite Varainhoito Oyj, where he was head of real estate investment management.
Previously, he has also worked for Quorum Fund Management and at Cornerstone Real Estate Advisers.
M7 has also appointed Tuomas Hulkkonen as an asset manager in the Finland office. Hulkkonen joins from Newsec, a large specialised commercial property fund in the Nordics, where he was a key account manager.
Mette Seifert, managing director of M7 Denmark and head of Nordics, said: “We have been active in Denmark since 2013 and Finland is the natural next step following the increased focus on the region from M7's capital partners, as well as new investment strategies, sectors and third-party asset management mandates.”
“Joona Suomela brings an impressive track record and we look forward to working with both him and Tuomas Hulkkonen.”