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Finland

Kojamo enters new €250 million credit agreement

Kojamo plc has signed a new €250 million term loan facility agreement linked to its sustainability targets together with three relationship banks. The loan is secured and has a maturity of five years. The loan will be drawn in June at the latest, and it will be used for the refinancing of company’s existing indebtedness as we...
Thursday, 28. March 2024

Ares invests in Slättö portfolio in Helsinki and Stockholm

Slättö and Ares Management Real Estate Secondaries funds have agreed to support the recapitalization of a market-leading light-industrial and logistics portfolio, which is managed by Slättö. The portfolio comprises 28 assets with value concentrated in the Stockholm and Helsinki metropolitan areas.
Wednesday, 27. March 2024

Alma strengthens teams in Finland and Denmark

Alma Property Partners has hired Nicolas Karkkolainen and Antti Salonen for the Finnish real estate investment team in Helsinki and Gustav Bachmann for the Danish real estate investment team in Copenhagen. The three new hires bring Alma's investment and asset management team to twelve members.
Tuesday, 26. March 2024

Total returns on property investments fell into negative territory in 2023

According to the Finnish KTI Property Index, the total return on properties owned by professional property investors fell to -2.7 per cent in 2023. The market values ​​of investment properties decreased by an average of 7 per cent. The annual net income turned up after a decline of almost a decade and was 4.6 per cent in 2023...
Thursday, 7. March 2024

UrbanLight acquires logistics facility near Helsinki

Alma Property Partners and Alea Partners acquired their first light industrial property in the Helsinki metropolitan area through a newly established joint venture called UrbanLight. The joint venture invests in logistics, last mile and light industrial properties located in key locations in the Helsinki metropolitan area. Th...
Wednesday, 6. March 2024

Elo buys two residential properties in Helsinki

Elo Mutual Pension Insurance Company has purchased two residential properties located in the districts of Töölö and Kallio in the inner city of Helsinki from Paavo Nurmi Foundation.
Tuesday, 5. March 2024

Barings obtains prime logistic scheme in Helsinki

Barings has completed the acquisition of a prime logistics scheme spanning c. 39,000 sq m in Helsinki, on behalf of its pan-European logistics joint venture (PELV) from an international asset manager.
Friday, 1. March 2024

CapMan acquires Seminaari school in Hämeenlinna

The CapMan Nordic Real Estate III fund acquires the Kauriala buildings and a plot belonging to the Seminaari school located in Hämeenlinna from the University Properties of Finland. The Seminaari school is located in the Kauriala neighbourhood of Hämeenlinna, and it is the largest primary school in Hämeenlinna with approximat...
Friday, 16. February 2024

Slättö grows in Finland with second Helsinki CBD hotel

The acquisition is Slättö’s second in the hospitality sector in Finland. The new aparthotel will meet the needs of different groups of travelers, from short- to long-term stay, with high standards in design, quality and sustainability. For this project, Slättö has once again partnered with the tech-led operator Bob W.
Tuesday, 30. January 2024

Swiss Life AM buys Wilfast

Swiss Life Asset Managers has acquired its long-term business partner Wilfast Förvaltning. With this acquisition, the Swiss are significantly expanding their exposure in Scandinavia, as the Swedes manage real estate worth around €1.76 billion in Sweden, Denmark and Finland.
Friday, 26. January 2024

Construction work starts on Kokkola Sports Park

YIT, as part of an alliance, has signed a contract for the development stage of Kokkola Sports Park. The alliance main contractor is YIT, and the main design is by UKI Arkkitehdit Oy, architectural design by Arkkitehtitoimisto Jääskeläinen Oy, structural design by Ramboll Finland Oy and building system design by Granlund Oy. ...
Thursday, 25. January 2024

Logicenters to invest near Helsinki Airport

Logicenters has acquired an 19,000 m² plot near Helsinki Airport. In connection with the deal, the developer has also signed an agreement with Puumerkki Oy, which will lease the new property starting from the summer of 2025.
Friday, 19. January 2024

Mrec IM to invest in Bastukärr, Sipoo

In December 2023, Mrec IM acquired a plot of approximately 43,000 sqm near the Lahti motorway in the rapidly developing Bastukärr logistics area through a company it manages, from the municipality of Sipoo.
Friday, 19. January 2024