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» Chronological View: " Finland " «

Barings acquires office-to-hotel conversion opportunity in Helsinki

Barings acquires office-to-hotel conversion opportunity in Helsinki

Barings Real Estate Advisers has acquired a €16.3 million office building at Unioninkatu Street in Helsinki from The Confederation of Finnish Construction Industries RT, an employer union. Barings plans to convert the asset into a 120 room business class hotel.
Montag, 14. August 2017
Barings acquires €43 million residential portfolio

Barings acquires €43 million residential portfolio

Barings Real Estate Advisers has acquired a €43m portfolio of seven residential properties from Varma Mutual Pension Insurance Company on behalf of an institutional investor. Following this acquisition, Barings' first in the residential sector in Europe, the firm now manages more than €844m of real estate assets in the Nordic...
Montag, 7. August 2017

The Nordics - A region of opportunity for international operators

Fuelled by strong economic performance and RevPAR increases, the Nordic region, including Denmark, Sweden, Finland and Norway, continues to grow in popularity. In a report released today, Christie & Co examines the key fundamentals of the region and highlights the opportunities for investors and operators.
Mittwoch, 26. Juli 2017

Blackstone purchases Sponda Plc

Polar Bidco S.à.r.l., an entity owned by funds advised by Blackstone real estate, has completed a voluntary tender offer for Sponda Plc, the Nasdaq Helsinki listed prime real estate investment company in Finland. In addition, Nordic investor Areim is a co-investor alongside Blackstone. Once completed, the deal would be the la...
Freitag, 21. Juli 2017

Antilooppi sells light industrial property at Myllykivenkuja 6 inVantaa

Antilooppi has sold the Myllykivenkuja 6 light industrial property in Vantaankoski, Vantaa, to the property’s tenant and original owner, Murata Electronics Oy. Myllykivenkuja 6 is located in a developing area, near to one of the Ring Rail Line stations. The total area of the property is 23,500 m² and it is occupied by Murata ...
Dienstag, 4. Juli 2017

Peab builds new operating rooms in Hyvinge Hospital

Peab has been comissioned to build ten operating rooms in Hyvinge Hospital north of Helsinki. The customer is HNS - Fastigheter AB. The contract is worth €11.2 million. Construction will begin in July 2017 and the project is expected to be completed in the spring of 2019. The project will be order registered in the second qua...
Montag, 3. Juli 2017

Scandic opens hotel in the classic Helsinki central railway station

Scandic Hotels has signed an agreement with property owner Exilion to operate a new hotel in the building that houses the Helsinki Central Railway Station. With close to 500 rooms, the hotel will be one of the largest in Scandic’s portfolio. Helsinki’s Central Railway Station, which was built between 1909 and 1919, is a well ...
Montag, 3. Juli 2017

AXA IM acquires residential portfolio in Finland for €22 million

AXA Investment Managers - Real Assets has completed the acquisition, on behalf of its clients, of a residential portfolio in Finland, which comprises three core assets in Helsinki and one in Tampere, from LocalTapiola General Mutual Insurance Company, for €22 million.
Donnerstag, 29. Juni 2017

Cinamon will open its doors in Redi shopping centre

Cinamon is making its way to Finland for the first time and will open a five-screen cinema in the Redi shopping and experience centre. Cinamon has signed an agreement to lease around 2,400 m² in Redi's entertainment court, which will open in autumn 2018. The new generation cinema will have a total of around 700 seats. The lar...
Donnerstag, 29. Juni 2017

REC Partners is expanding its business in Scandinavia

Since 2016, property purchases totalling more than 100,000 square metres have been subjected to due diligence checks in Scandinavia. In response to growing demand, REC Partners, the acknowledged specialists in strategic building planning and technical consultancy for property companies, are continuing to expand their business...
Freitag, 23. Juni 2017
Scandic become the leading hotel operator in Finland

Scandic become the leading hotel operator in Finland

Scandic Hotels Group has signed an agreement to acquire Restel’s hotel operations in Finland. Through the acquisition, the hotel group will strengthen its position as the leading hotel company in the Nordic countries and become the largest hotel operator in Finland. The transaction subject to regulatory approval.
Freitag, 23. Juni 2017

Pbb provides financing to Schroder Nordic Real Estate Fund

Pbb Deutsche Pfandbriefbank has provided a medium-term loan facility of €29 million to Schroder Nordic Real Estate Fund. The loan was provided to refinance an office property located in central Helsinki. The transaction closed in May 2017. The property comprises ca 24,000 sqm lettable office accommodation in Sörnäinen, a prim...
Freitag, 23. Juni 2017

Peab renovates student housing in Esbo

Peab has been commissioned to renovate 256 apartments in Esbo. The customer is Hoas – the Helsinki region student housing association and the contract is worth €12 million. Construction will start in July 2017 and the project is expected to be completed in the beginning of 2019. The project will be order registered in the sec...
Mittwoch, 21. Juni 2017

Construction work in SRV-implemented TAYS front yard project at halfway point

Construction work in the SRV-implemented Tampere University Hospital (TAYS) front yard project is at the halfway point, and the topping out ceremony was held at the site on Thursday, 15 June. Three new buildings and an underground parking facility, to be completed in stages during 2018–2020, will be built in the TAYS front ya...
Dienstag, 20. Juni 2017

Niitty shopping centre opens its doors

The SRV-implemented Niitty shopping centre was officially opened on 15 June. The shopping centre, built above Niittykumpu metro station, will provide excellent daily services to thousands of present and future residents of the area. The Niitty shopping centre's premises cover approximately 7,000 m², and all of the shopping ce...
Montag, 19. Juni 2017

Bouwfonds acquires carpark asset in central Helsinki

Renger Investment Management (RIM) has over the past year together with Bouwfonds Investment Management developed plans to acquire carpark assets in the Nordic region. Bouwfonds has now closed its first transaction under this cooperation for Bouwfonds European Real Estate Parking Fund III (BEREPF III), being an open-ended spe...
Freitag, 16. Juni 2017
Tokmanni to open a store in Citycenter in Helsinki

Tokmanni to open a store in Citycenter in Helsinki

The range of services available in shopping centre Citycenter will be expanded this year, as Tokmanni will open a store in the shopping centre's basement floor in the autumn. The store will cover approximately an area of 1,100 square metres.
Donnerstag, 15. Juni 2017

Pbb provides financing to support an acquisition by Alma Property Partners

Pbb Deutsche Pfandbriefbank provided an acquisition and capex facility of €36.5 million to support an acquisition made by Alma Property Partners . The loan was provided to support the acquisition and refurbishment of four office properties located in the Keilaniemi office area in Espoo. The transaction closed in April. The mu...
Dienstag, 13. Juni 2017