19.12.2013

Lively activity in Finnish real estate market

Union Investment Real Estate GmbH has acquired two landmark company headquarters in Helsinki this year.

Both international and domestic investors are contributing to lively activity in the Finnish real estate market, including the acquisition of major retail properties and landmark company headquarters. “We are delighted to have established an excellent portfolio in Helsinki within the space of just a few years that has attracted international attention,” says Philip La Pierre, Head of Investment, Management Europe at Hamburg-based Union Investment Real Estate GmbH.

The German company’s portfolio in Finland includes the newly opened five-storey headquarters of the Finnish forest industry company UPM in central Helsinki. Earlier this year, Union Investment Real Estate GmbH acquired the Finnish head office of the construction company Skanska Ab, also located in Helsinki, for EUR 32 million. The office building comprises approximately 9,000 square meters and has received the highest, platinum-level LEED certification.

Trevian acquires 41 assets in Finland

Finnish investment and asset management company Trevian Asset Management Oy has acquired a portfolio of 41 assets located in Finland from the Luxembourgian company MK European Capital Partners. The assets have a strong focus on retail and the main tenant is the Kesko group, according to Trevian.

Trevian Retail II is a fully invested private-equity fund, focusing solely on actively managing, developing and selling the assets under management. The investors are Finnish institutions and the bank financing is arranged by Nordea Bank Finland plc. Trevian’s assets under management amount to about EUR 450 million.

Sources: Itä-Savo, Kauppalehti, Trevian, Union Investment Real Estate GmbH