Aareal Nordic Fund, managed by Aareal Immobilien Kapitalanlagegesellschaft mbH, which is a 100% subsidiary of Aareal Asset Management GmbH, announces that it has purchased its fifth property in Finland, bringing its portfolio in the country close to the €100 million.
The 10,000 m² office building is leased to Shell Oil and serves as their headquarters in Finland.
Lars Blanke, Head of Nordic Acquisitions for Aareal Asset Management, commented: "With this acquisition, we underline our commitment to the Finnish real estate market which benefits from strong fundamentals. Our active investment strategy will continue in 2007 with further acquisitions for the Nordic Fund planned also in Sweden and Denmark."
Source: Aareal Bank