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» Chronological View: " Finland " «

Antilooppi acquires two office properties in the eastern inner city of Helsinki

Antilooppi acquires two office properties in the eastern inner city of Helsinki

Antilooppi acquires two office properties in the eastern inner city of Helsinki from OP Financial Group for €38.6 million. Hermannin Rantatie 10 is a flexible office building completed in 1989. It is in an excellent location near Kalasatama metro station and Redi shopping centre which is under construction. The leasable area ...
Monday, 9. October 2017

Korean capital enters the Finnish real estate market for the first time

GLL Real Estate Partners GmbH has recently acquired a logistics portfolio in Finland consisting of five properties and 135,000 sqm of commercial space on behalf of Korean investors. The investment volume is in the hundreds of millions. With this transaction GLL has initiated the very first Korean institutional investment in t...
Monday, 9. October 2017

The Nordic property market at the peak or just on its way?

The Nordic property markets will continue to perform well but faces new challenges, according to the new report Pangea Property Outlook 2017/2018. The winners will be segments with continued rental growth, such as attractive offices in the capital regions, while there is upward yield pressure on interest rate sensitive proper...
Monday, 9. October 2017

Northern Horizon Nordic Aged Care Fund growth continues

As at 30 September 2017, the Northern Horizon Nordic Aged Care Fund has acquired or committed to acquire through forward purchase or forward funding contracts a total of 33 care homes in Sweden and in Finland, for a total acquisition cost of €151 million.
Tuesday, 3. October 2017

Brunswick Real Estate forms Kielo

Brunswick Real Estate announced the formation of Kielo, a real estate company aiming to acquire high quality commercial real estate in growing cities in Finland, together with its investors. Kielo has completed its first transaction acquiring a 40,000 sqm office property in Tampere from Aberdeen Standard Investment.
Tuesday, 3. October 2017
Sponda opens Ratina shopping centre on 19 April 2018

Sponda opens Ratina shopping centre on 19 April 2018

Ratina shopping centre will open next year on 19 April. Ratina shopping centre, in a unique location in the heart of Tampere, will be a diverse hub for recreation and entertainment in the Pirkanmaa region. The complex contains a total of approximately 53,000 square metres of retail and service premises, with more than 150 shops.
Friday, 29. September 2017

Alma raises over €140m for its first pan-Nordic opportunistic real estate fund

Alma's real estate fund focuses on commercial and residential property investments in Sweden, Finland, Denmark and Norway. The investors include institutions from Sweden, Germany, France and the United Kingdom. The fund has an investment capacity of €400 million. „Completing our inaugural fundraise is an important and excitin...
Friday, 29. September 2017
Micro-size apartment building Tikku rises in Helsinki city centre

Micro-size apartment building Tikku rises in Helsinki city centre

On Thursday 7 September, a micro-size apartment building the size of a parking place will be built on Keskuskatu in Helsinki. The building can be seen during Helsinki Design Week on 7-17 September. Designed by architect Marco Casagrande, Tikku ('stick') can be built in one night. It takes a stand for the urban planning of the...
Wednesday, 27. September 2017

Citycenter shopping centre receives a BREEAM environmental certificate

The Citycenter shopping centre located in the heart of Helsinki has been awarded BREEAM In-Use Very Good certification. The certification applies to the property's technical attributes and maintenance. As of August 2017, Sponda has 15 certified properties and several certification projects in progress.
Wednesday, 20. September 2017

Peab develops and builds offices in Helsinki

Peab has begun construction of its second office building in Pitäjänmäki in Helsinki. Peab completed Ultimes Business Garden I in 2016 and it is now fully occupied with several renters, in addition to Peab which maintains its Finnish headquarters there. The second office building, Ultimes Business Garden II, will be seven-sto...
Monday, 18. September 2017

Pbb and Helaba finance Skanssi shopping center for CBRE

Pbb Deutsche Pfandbriefbank and Helaba provided a term loan facility of €67.2 million to CBRE European Shopping Centre Fund II (ESCF II) managed by CBRE Global Investors. The loan was provided to finance the acquisition of the Skanssi shopping centre in the Finnish town of Turku. The transaction closed in July 2017 and Pbb al...
Wednesday, 6. September 2017

Bonava sells 78 rental apartments in Espoo

Bonava is selling a rental project in Espoo, Finland to the investor Icecapital Housing Fund IV Ky. The project comprises 78 rental apartments in a single property.
Wednesday, 30. August 2017

Citycon divests non-core properties to Cerberus Capital Management for €167 million

Citycon and Cerberus Capital Management have signed an agreement whereby Citycon will divest its shopping centres Espoontori, Tikkuri, Myllypuron Ostari, Martinlaakson Ostari and Jyväskylän Forum to an affiliate of Cerberus for a total value of approximately €167 million. The sales price is close to the latest IFRS fair value...
Tuesday, 29. August 2017
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.
Monday, 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...
Monday, 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.
Wednesday, 26. July 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...
Friday, 21. July 2017