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» Chronological View: " Finland " «

Trevian to establish a real estate development company

Trevian Asset Management Oy has established a new subsidiary, Trevian Development Oy, of which Trevian Asset Management also owns the majority. Trevian Development focuses initially on managing a wide range of real estate development projects, such as offices and retail premises and housing projects, which are managed by the ...
Thursday, 16. August 2018

Tunstall expands its fund to eight further European countries

Tunstall Real Estate Asset Management has expanded the investment criteria for its debt fund DPO Fund 1, which was launched in July 2017 with capital to invest of up to €130 million. Originally the fund was focussed on the Netherlands, but will now consider opportunities with borrowers across Germany, Denmark, Sweden, Finland...
Monday, 23. July 2018

Brunswick RE holds final close of SEK 6.6bn in largest nordic RE debt fund

Brunswick Real Estate has held the final close of its second senior debt fund in the Nordics, thereby reaching over c. €820m (SEK 8.5bn) under management. According to the company, main investors are some of the region’s largest institutions. This further reinforces real estate debt as an asset class as well as the continuing...
Monday, 23. July 2018

Antilooppi acquires two multi-let office properties

Antilooppi has acquired two almost fully leased office buildings from Leppävaara, Espoo and Vallila, Helsinki for €43 million. Both assets were purchased from a joint venture between Cromwell Property Group and one of its private equity partners.
Friday, 20. July 2018

Union Investment sells office property in Helsinki

Union Investment has sold an office property with around 9,100 sq m of rental space in northern Helsinki. The eight-storey building, which includes an underground car park offering 150 spaces, is fully let to Skanska on a long-term lease. The buyer, Corum Asset Management, is seeking to boost its exposure to Finland. Catella ...
Friday, 13. July 2018

Nordic retail property shares struggle outperformed by the logistics sector

Nordic property shares with focus on retail continue their downward trend, while the logistics sector has outperformed due to increasing focus on online shopping, according to the new edition of Pangea Listed Overview compiled by Pangea Property Partners. Over the last three years, Nordic retail property shares have dropped 3...
Wednesday, 11. July 2018

Zsar Outlet Village signs Adidas as new tenant

The Zsar Outlet Village has signed Adidas as new tenant. The Sportswear manufacturer will thus join the centre's line-up of brand tenants, when it opens at the end of 2018. Phase 1 will open with 12,000 m² and 65 stores and restaurants. The centre is set to be over 20,000m2 when Phase 2 is completed by 2020. Zsar is now 50% ...
Wednesday, 11. July 2018

Scandic signs agreement with CapMan for new hotel in Helsinki

Scandic has signed a long-term lease agreement with CapMan to take over a 178-room hotel in Helsinki. In conjunction with this, the parties have also agreed to extend leases for an additional four hotels with a total of 979 rooms. The new hotel is located in Helsinki’s Pasila area. It has 178 rooms, seven meeting rooms with c...
Tuesday, 10. July 2018

Milda Dargužaitė elected as new Supervisory Board member of Northern Horizon Capital

Northern Horizon Capital AS has elected Milda Dargužaitė as a new member of the supervisory board for a period of 5 years. She will succeed Michael Rudolf Schönach. Dargužaitė acts as a Group Chief Executive Officer to Northern Horizon Capital Group. She has extensive work experience in both private and public sector locall...
Tuesday, 10. July 2018

Tristan fund and Varma sell Finnish office portfolio to Areim Fund

European Property Investors Special Opportunities IV (EPISO 4), managed by Tristan Capital Partners, and Varma Mutual Pension Insurance Company, as a co-investor in the deal, have disposed of a portfolio of eight office assets to AREIM Fund III.
Monday, 9. July 2018

Genesta buys Porkkalankatu 3 in Helsinki from Niam

Genesta has purchased Porkkalankatu 3, an office building located in Ruoholahti, Helsinki, from Niam for an undisclosed sum. The multi-let 15,200 sq metre property will be refurbished and upgraded and is close to the metro and the Western Highway.
Friday, 6. July 2018

NCC to construct office and retail complex in Tampere for €25.3 millon

NCC is to construct an office and retail complex next to Ratina shopping center in Tampere. The customer is Sponda Plc and the value of the project is c. €25.3 millon (approximately SEK 260 million). The building will be located right next to the Ratina shopping center. Total area will be about 13,800 square meters of net flo...
Wednesday, 4. July 2018

Elena Stenholm appointed Director of Stockmann’s Real Estate division

Elena Stenholm, has been appointed as Director, Real Estate and as a member of the Stockmann Management Team. She has most recently served as Vice President, Commercial Services at Finavia and before that as Commercial Director at Citycon. Stenholm will join Stockmann by the end of the year and she will report to CEO Lauri Ve...
Wednesday, 4. July 2018

Savills IM acquires Dutch and Finnish DSV logistics assets

Savills Investment Management has forward purchased two key logistics assets in Venlo and Helsinki on behalf of Vestas Investment Management and a club of Korean investors. The assets are currently under construction and upon completion will both be leased to DSV. These acquisitions comprise part of a wider logistics portfoli...
Tuesday, 3. July 2018

CBRE GI recruits manager of Unibail Rodamco and Pembroke

CBRE Global Investors has been very active the last two years in the Nordics and plans further expansion steps. At the moment, its portfolio in the four countries is approximately €1,200 million. With to key appointments the investment company has now strengthened the team: Logan Werry has been appointed Head of Asset Managem...
Tuesday, 3. July 2018

Nordic market close to transaction record in first half of 2018

The overall transaction volume in the Nordic property market reached the second highest level ever in the first half of 2018, driven by large investments from international investors in the residential sector, according to new figures from Pangea Property Partners. Transaction volumes in the Nordic property market reached alm...
Monday, 2. July 2018

Castellum acquires property for €81 million in Helsinki

Castellum has acquired the Salmisaarenaukio 1 building, in the Ruoholahti office-block area in central Helsinki. The property comprises about. 14,433 sq.m, and the investment is a solid element of Castellum's strategy for building a strong Nordic real estate portfolio. Castellum takes immediate possession of the fully-leased ...
Monday, 2. July 2018