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» Chronological View: " Finland " «

Logicenters acquires logistics property in Hämeenlinna

Logicenters acquires a 9,000 sq metres property built in 2012 from a fund managed by Auratum Kiinteistöt Oy. Located in the Moreeni industrial area of Hämeenlinna, the property is leased out to Posti Kiinteistöt Oy.
Friday, 15. June 2018

Bonava to develop about 50,000 sq metres of residential space in Espoo

Bonava has signed a binding pre-agreement with Kemira’s pension fund Neliapila enabling the company, in cooperation with Neliapila and Kemira, to develop a new neighborhood in the Finnoo district of Espoo that will become approximately 50,000 sq metres. The area is scheduled for completion around 2030.
Thursday, 14. June 2018

Corpus Sireo makes first purchase in Finland for €28 million

Corpus Sireo Real Estate has acquired a commercial building in the business centre of Helsinki for a real estate fund launched by Swiss Life Asset Managers. The building will be contributed to an institutional real estate fund launched at the end of 2017 that invests in core and core plus locations in major European cities an...
Thursday, 14. June 2018

Zsar appoints David Wilkinson as Centre Director

David Wilkinson, former director of Harrods and General Manager of Selfridges, and currently Executive Director of the department store Au Pont Rouge LLC in St. Petersburg, has been appointed as Chief Operating Officer-Centre Director for Zsar Outlet Village.
Monday, 11. June 2018

Scandic completes rebranding of Restel’s hotels

Scandic Hotels has completed the rebranding of Restel’s former Cumulus hotels to the Scandic-brand. In December 2017, Scandic acquired Restel’s hotel operations with 43 hotels and around 7,600 rooms, most of which were operating under the Cumulus brand. The acquisition gave the company a considerably stronger position in the ...
Wednesday, 6. June 2018

Round Hill acquires 3,263 residential unit portfolio from Avant Capital Partners

Funds advised by Round Hill have acquired a residential portfolio comprising 3,263 units. The portfolio consists of 106 well located properties across the south of Finland as well as the Helsinki Metropolitan area and was acquired from an affiliate of Avant Capital Partners. This is Round Hill’s first transaction in Finland, ...
Friday, 1. June 2018

Logicenters recruits three new employees across the Nordics

Logicenters has made three important recruitments in Norway, Finland and Denmark. Further recruitment is planned in Sweden where the firm is searching for a Business Analyst. The new emloyees include Jarkko Äikää, Jørgen Bråten Nordby and Marcus Holmgren Vigsø.
Thursday, 31. May 2018

SRV to construct Jokirinne Learning Centre in Kirkkonummi

The Municipality of Kirkkonummi has chosen SRV to construct the Jokirinne Learning Centre in the Vesitorninmäki district of Kirkkonummi. SRV will take end-to-end responsibility for the project, which is worth a total of about €40 million. The service agreement that has now been signed also covers lifecycle responsibility for ...
Tuesday, 29. May 2018

AEW acquires mixed-use asset in Helsinki for €108.5mn

AEW, on behalf of its Europe City Retail Fund, has acquired a retail-led asset in Helsinki’s CBD from Stockmann Plc for €108.5 million, marking its first investment in Finland since the Global Financial Crisis. The landmark property, known as the Atlas building, is located adjacent to Stockmann’s flagship department store and...
Friday, 25. May 2018

Trevian employs six key personnel

Trevian Asset Management Oy and Trevian Funds AIFM Oy have further expanded their team with several recruitments this spring. Minna Jussila joined Trevian as head of their controller team, Tiina Kaakkolaht is the new HR director and Nea Vainio works as an analyst. Sari Mustapää continues to work as the shopping centre manager...
Thursday, 24. May 2018

NREP to invest €900 million in underserved real estate segments in the Nordics

NREP has established a €900 million fund to invest in underserved real estate segments in the Nordics, such as student housing, flexible living for young professionals, low- and middle-income rental apartments, active senior co-living, care homes, community retail centers and modern logistics. NREP Nordic Strategies Fund III ...
Tuesday, 22. May 2018

SRV begins construction of Supercell's new headquarters in Jätkäsaari

SRV begins construction of Supercell's new headquarters in Jätkäsaari, Helsinki. Building work for the Wood City wooden quarter project, developed by SRV, is underway in Jätkäsaari, Helsinki. On 9 May,The two companies signed the final agreement for the purchase of an office building and car park in Wood City. Construction wo...
Monday, 14. May 2018

Stockmann to sell its Book House property

Stockmann has signed an agreement to sell its Book House property in Helsinki city centre to AEW Europe City Retail fund for a sales price of €108.6 million. The closing of the transaction will take place on 24 May 2018. The transaction has a positive profit/loss effect of €7 million and a positive cash flow effect of €108 mi...
Monday, 14. May 2018

Shopping centre index: retail sales increased by 2.3% in Q1/2018

According to KTI, the total retail sales of Finnish shopping centres increased by 2.3% during the first quarter of 2018, compared to the corresponding period last year. Sales grew rather equally in the whole of Finland. However, in like-for-like comparison, which excludes new supply, the number of visitors decreased by 4.1%. ...
Friday, 4. May 2018

LocalTapiola sells prime residential portfolio to AXA IM

LocalTapiola Real Estate Ltd's managed fund Tapiola KR IV Ky has sold a portfolio of three prime residential properties providing a total of 89 apartments and a lettable area of 5,632 sq m to AXA IM - Real Assets, acting on behalf of its clients.
Friday, 4. May 2018

Nordea buys a retail property in Jyväskylä

Nordea Life Assurance Finland Ltd has acquired the fully occupied retail property at Ahjokatu 11 in the Seppälä district in Jyväskylä, which was completed last autumn. The property comprises 10,000 sqm of lettable area, and it was sold by Callardo Capital Oy. FPP acted as the sole financial advisor for the vendor Callardo Cap...
Friday, 4. May 2018

KTI Residential Rent indices: rents continue increasing slightly

The KTI Rental Residential index for new agreements increased by 2.0% p.a. in the Helsinki metropolitan area. Rents increased the most in Helsinki, by 2.6%. In the main cities outside the Helsinki metropolitan area, rents in new rental agreements decreased by 0.2% on average during the past year. Tampere (+1.6%) and Turku (+0...
Friday, 4. May 2018