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Finland

Aedifica completes 10 projects in Q4 2023

During the fourth quarter of 2023, 10 projects from Aedifica’s investment programme were completed in Germany, the Netherlands, the United Kingdom, Finland and Ireland for a total amount of approx. €97 million.
Wednesday, 17. January 2024

Newsec explores potential in Nordic ski resort investments

The Nordic countries—primarily Sweden, Norway, and Finland—offer cold winters and reliable snowfall. The Nordic region boasts over 500 ski resorts, representing approximately 8% of all global ski resorts. These resorts have thrived, providing excellent conditions and a lack of crowds due to the region's modest population of 2...
Friday, 12. January 2024

YIT begins construction of health and wellbeing centre in Kamppi

YIT has signed a cooperative project management contract for the Keskusta health and wellbeing centre project to be built for the use of City of Helsinki. The contract will be signed with KOy Helsingin Toimitilat. For YIT, the value of the implementation phase of the construction contract, which is now starting, is approximat...
Friday, 22. December 2023

Catella acquires resi portfolio in Finland’s „Golden Residential Triangle“

Catella European Residential (CER) has acquired 350 apartments within five properties covering almost 14,200 sqm of gross lettable area (GLA) in the four Finnish cities of Espoo, Kerava, Tampere and Turku, in the country's 'Golden Residential Triangle' that extends to the north and northwest of the capital Helsinki.
Thursday, 21. December 2023

Northern Horizon acquires €75m healthcare portfolio from eQ

Northern Horizon has acquired a portfolio of 15 healthcare properties for c. €75m for its fourth healthcare fund, Aged Care IV. The portfolio was acquired from eQ, the largest private social infrastructure owner and developer in Finland. The portfolio is regarded as one of the highest quality care home portfolios ever sold in...
Monday, 4. December 2023

Evli expands by acquiring the majority of Zenito Oy

Evli has today, on November 15, 2023, signed an agreement to acquire a majority stake in the Finnish investment service company Zenito Oy. According to the agreement, Evli will purchase approximately 67 percent of Zenito Oy's shares. The remaining, about 33 percent of the shares, will be retained by the company's founders.
Wednesday, 15. November 2023

Cibus Nordic divests properties in Finland

Cibus Nordic Real Estate AB continues to optimise its balance sheet by divesting properties for €9m. The proceeds from the divestment will be used to reduce debt, strengthen the balance sheet and it will have a positive effect on cash flow per share.
Tuesday, 7. November 2023

CapMan fund and Lapland Hotels acquire office building in Oulu

CapMan Hotels II fund has signed an agreement to acquire the asset “KOY Oulun Kuvernööri” in Oulu city centre with the intention of redeveloping the building, currently used as an office, into part of Lapland Hotels Oulu. As a result of the conversion the hotel capacity will be increased by 95 rooms in order to meet the stron...
Friday, 3. November 2023

Skanska builds apartments in Helsinki for SEK31m

Skanska has signed a contract with the City of Helsinki to build new apartments in Helsinki. The contract is worth €31m, about SEK 360m, which will be included in the Nordic order bookings for the fourth quarter of 2023.
Tuesday, 31. October 2023

Aedifica completes seven projects in Q3

Aedifica has completed seven projects in Q3 and has announced a new project in Finland. The completed properties are located in the Netherlands, the United Kingdom, Finland and Ireland.
Thursday, 12. October 2023

YIT sells its stake in Sia LiveOn

YIT has sold its stake in Sia LiveOn co-investment vehicle in Latvia. The buyer is Vienna Insurance Group’s (VIG) subsidiary LVP Holding GmbH. YIT and VIG’s other subsidiary, BTA Baltic Insurance Company AAS, established the co-investment vehicle in 2021. The company invests in rental apartments located in the Baltic countrie...
Thursday, 5. October 2023

London and Paris with the highest growth

London leads as Europe’s top city for projected real-estate occupier demand, followed by Paris, according to this year’s edition of the European Cities Growth Index (“ECGI”), published by LaSalle Investment Management (“LaSalle”). Owing to their large metropolitan areas and ability to adapt to changing macroeconomic condition...
Monday, 2. October 2023