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Finland

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

YIT sells Maistraatinportti office property to Fennia

YIT and Fennia have signed a contract for the sale of the Maistraatinportti office building located in Länsi-Pasila, Helsinki. The office property will be purchased for a real estate investment portfolio managed by S-Bank Properties Ltd.
Monday, 2. October 2023

Sirius completes EY-Building in Helsinki

The construction of EY’s new headquarters in the heart of Helsinki has been successfully completed and the premises have been handed over to the tenants. EY leases the entire building except for a restaurant on the ground floor. The Italian restaurant Bistro Gina from Michelin-starred chef Hans Välimäki and his team will open...
Tuesday, 19. September 2023

Genesta acquires Helsinki office property from Schroders

Genesta has acquired an office property located in Helsinki's dynamic Kamppi district from Schroder Real Estate KVG. The property has a total lettable area of approximately 9,300 square meters and is currently multi-let to 13 tenants. This strategic acquisition marks the sixth investment made on behalf of Genesta's value-add ...
Friday, 1. September 2023

Slättö partners with Bob W in hospitality segment

Slättö continues its growth in Finland and expands its portfolio within the hospitality segment. The investment is made in collaboration with tech-powered, short-term rental operator Bob W in a brown-to-green refurbishment in Kasarmikatu 40, central Helsinki.
Monday, 21. August 2023

Ylva secures credit facility for Lyyra project in Helsinki

Ylva has secured a new development financing for Lyyra project’s hotel and residential building in Hakaniemi, Helsinki. The financing is provided by the latest Velo Capital fund - Velo Mezzanine Credit Fund (VMC) that is focused on green financing.
Thursday, 17. August 2023

Northern Horizon's fund acquired a care property in Kuopio

Through its Aged Care IV fund, Northern Horizon has entered into an agreement with Hoivarakentajat to acquire a new purpose-built care home for people with autism. The care home is located on the lakeside in the city center of Kuopio, the largest city in Eastern Finland.
Tuesday, 15. August 2023

CapMan Infra’s portfolio company closes a €400 million refinancing

Valokuitunen Oy, a joint venture between CapMan Infra and Telia Company, is the largest fibre-to-the-home (FTTH) company in Finland. Valokuitunen Oy deploys fibre networks to residential neighbourhoods on a national scale. The funding sets the company up for the next phase of expansion in the Finnish market.
Friday, 21. July 2023

Ylva sells office property in central Helsinki

A joint venture formed by Ylva and Varma has sold a newly built office and retail property in central Helsinki to Niam. The property is part of the Lyyra development, a hybrid block in Hakaniemi developed by Ylva that consists of office and retail premises, a hotel, and apartments.
Friday, 21. July 2023

YIT to build two life cycle schools in Siilinjärvi

YIT and the municipality of Siilinjärvi have agreed on the construction and maintenance of two schools using the life cycle model. YIT is responsible for the design, implementation and 20-year service period of the projects. The service period also includes responsibility for the optimum energy consumption of the properties. ...
Friday, 14. July 2023

Aedifica completes nine projects in Q2 2023

Aedifica has completed 9 development projects from the company’s investment programme in Q2 2023. The total investment amounts to approx. €53.5 million with an added capacity of 268 residents and 448 children. The properties with a diversified tenant pool of experienced private and public operators are located in Belgium, the...
Thursday, 13. July 2023

Trevian to lead central residential development in Helsinki CBD

Trevian Asset Management leads a central residential development in Helsinki CBD, in the southern part of Kallio, next to the City Theatre and the Deaconess Institute. The previous municipal office building is planned to be partially replaced with family apartments in a park-like setting with beautiful views. Trevian will car...
Wednesday, 21. June 2023

DHL Express Finland chooses Colony Airport as new head office location

In addition to the 16,000 m² logistics hub , DHL Express will also locate its head office at the airport. Colony has signed a 10-year lease with DHL Express Finland including approx. 2,000 square meters of office space in Colony Airport. DHL Express will gradually move into the new premises towards the end of 2025.
Monday, 19. June 2023