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» Chronological View: " Finland " «

BlackRock Real Assets’ Eurozone Core Property Fund acquires asset in Helsinki

The BlackRock Eurozone Core Property Fund acquired a mixed-use retail and office asset in the central business district (CBD) of Helsinki last month. Following the acquisition of an office asset in Hamburg and a portfolio of two logistics assets near Munich and Regensburg , this third investment is consistent with the Fund’s ...
Tuesday, 19. February 2019

Quadoro Doric Acquires Mixed-Use Building in Helsinki

As the portfolio manager for the open-ended special AIF Vontobel Sustainable Real Estate Europe, Quadoro Doric has acquired the building „Diana“ with apartments, offices and retail space in Helsinki. This is the AIF‘s first acquisition in Finland. The seller is the Svenska Folkskolans Vänner R.F. foundation.
Tuesday, 19. February 2019

Hemsö invest in Turku Technology Properties in Turku for €50m

Hemsö is acquiring a property portfolio with eight nursing home and health care properties in Turku, as agreed in a previously announced letter of intent . The company will simultaneously invest and acquire a 34.8-per cent stake in Turku Technology Properties (TTP). The total investment value is €180 million.
Thursday, 14. February 2019

Patrizia completes €41m sale of Helsinki office

Patrizia Immobilien AG has completed the sale of the Itämerenkatu 5 office building in Helsinki for €41 million. The property was sold to a Finnish investment fund, Special Investment Fund eQ Finnish Real Estate.
Monday, 11. February 2019

Castellum appoints Henrik Stadigh as Business Area Manager in Helsinki

Henrik Stadigh has been recruited for a newly created position as Business Area Manager for Castellum in Helsinki. Stadigh joins Castellum from his recent role as Senior Vice President at the Sponda real estate company. Henrik Stadigh has extensive experience from several management posts within the real estate sector, includ...
Wednesday, 6. February 2019

Antilooppi to enter into a new five-year financing agreement

Antilooppi has entered into a new € 565 million financing arrangement with the largest Nordic banks operating in Finland. The maturity of the facilities is five years with a possibility for one-year extension and it will replace the current €470 million financing arrangement. The new bank financing facility agreement includes...
Thursday, 17. January 2019

CEREIT acquires 11 office properties in Finland

Cromwell European Real Estate Investment Trust (“CEREIT”) has acquired 11 freehold office properties in Finland for €113.1 million. The properties will be managed by CEREIT’s sponsor, Cromwell Property Group, through its integrated European investment asset management platform.
Thursday, 3. January 2019

YIT sells all of the Tripla office properties

YIT has sold the Tripla’s Workery offices, being built in Pasila, Helsinki, as a whole to an international investor. Tripla’s Workery offices, called Workery East and Workery West, are developed, constructed and owned by YIT. Their leasable area is approximately 50,000 square metres. The parties have agreed not to disclose th...
Wednesday, 2. January 2019

Hemsö acquires the Helsinki Court House for €200m

Hemsö is acquiring the Helsinki Court House for approximately €200 million. The largest tenant is the Finnish state. The property has been customised for the Ministry of Justice and is located in Ruoholahti in central Helsinki. The building currently accommodates several tenants with a direct or indirect link to the justice s...
Wednesday, 2. January 2019

Larger deals driving Nordic market close to record in 2018

2018 was another active year in the Nordic property market, as average transaction size increased, and inflow of foreign capital continued to be strong. According to new figures from Pangea Property Partners, transaction volumes in the Nordic property market reached €42 billion in 2018, virtually unchanged from 2017. 2018 is ...
Wednesday, 2. January 2019

SRV sells the first office building of Pressi in Vantaankoski

SRV has signed an agreement with the Julius Tallberg Real Estate Corporation on the sale of the first office building of Pressi Smart Premises. The office building will be completed in Vantaankoski at the end of this year, and the first tenants will move into their new premises in early 2019. The sale price will not be publis...
Tuesday, 1. January 2019

YIT’s subsidiaries merged into YIT Finland Ltd

YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. In the next stage of the merger on January 1, 2019, our subsidiaries YIT Infra Oy and YIT Talo Oy merged into YIT Construction Ltd. Immediately after the merger, YIT Construction Ltd was renamed as YIT Finland Ltd. YIT Finland Ltd will continue the curre...
Tuesday, 1. January 2019

YIT, HGR and their joint venture Regenero sell the Tietotie 6 property in Espoo

YIT, HGR Property Partners and their joint venture Regenero have sold the Tietotie 6 property they owned in Otaniemi, Espoo to Special Investment Fund eQ Care (AIF). The lettable area of the property is approximately 26,000 square metres. The parties have agreed not to disclose the purchase price.
Wednesday, 19. December 2018

YIT to sign an agreement on an apartment and care project in Vantaa

YIT has signed contracts on an apartment building project and a care project in Finland. The value of the contracts is approximately €27 million in total, and they will be booked in the order backlog for the fourth quarter of 2018. The company and the OP-Rental Yield special fund have signed a deal on constructing a rental ap...
Friday, 14. December 2018

Union Investment acquires Urban Environment House in Helsinki

Union Investment has agreed to acquire the planned Urban Environment House complex in the east of Helsinki via a forward purchase agreement. The property will offer some 27,500 m² of rental space and is being constructed in the Kalasatama submarket. Completion is scheduled for summer 2020. The vendor and future tenant of the ...
Thursday, 6. December 2018

Hemsö acquires eight nursing homes in Turku

Hemsö and the City of Turku are preparing a transaction whereby Hemsö will acquire a property portfolio comprised of eight nursing homes and health care properties from the City of Turku in Finland. The acquisition cost amounts to €130 million.
Monday, 26. November 2018

Consortium operated by YIT and Keva extend company campus in Helsinki

A new growth company campus covering over 50,000 square metres is being planned for the old Maria hospital area. When finished, the campus will be one of the biggest in Europe. The City of Helsinki sought a bold concept with a vision for the project as well as a developer and a contractor for the concept’s implementation.
Monday, 5. November 2018

Cibus refinances part of its senior debt

Cibus Nordic Real Estate AB has signed the acquisition of a portfolio of six daily-goods properties in Finland. In conjunction with the transaction, the real estate company has also refinanced one of its three senior-loan facilities. The new €142 million facility has a lower margin than the previous one and includes the finan...
Monday, 5. November 2018