AEW Europe and Tristan Capital Partners have mandated Amplion Asset Management Oy as a strategic advisor for a 224,000-m² retail portfolio. The portfolio comprises 259 retail properties across Finland, mainly leased to Suomen Lähikauppa Oy (SLK).
The European Property Investors fund, managed by AEW Europe and Tristan Capital Partners, purchased the portfolio from Tradeka (now SLK) in a sale and leaseback transaction in 2006. Genesta Property Nordic Finland Oy will continue in its role as asset manager.
Amplion has appointed Jyrki Konsala as Director to take the position as a key account manager for this mandate. Konsala moves to Amplion from Norwegian fund manager Realkapital Partners' Luxembourg office, where he was director of European Investments.
Konsala has extensive and broad experience of both Finnish and international real estate from his career at Catella, Aberdeen and Tiger Developments, among others.
Merrick Marshall, Executive Director of AEW Europe says: "Amplion's proven track record of managing nationwide retail portfolios played a crucial role when choosing the partner for strategic asset management."
Ben Newman, Managing Director, Tristan Capital Partners says: "We are pleased to have Amplion as our partner in Finland and we are very pleased to work with Jyrki Konsala, whom we've worked with on a previous successful transaction in Finland."
Eero Syväniemi, Managing Director Amplion Asset Management Oy says: "We are very pleased to enter in cooperation with AEW Europe and Tristan Capital Partners.
"This mandate fits well with our core competencies. Amplion's key strength is the ability to actively manage properties and portfolios with full focus on value creation. We are also very pleased to have Jyrki Konsala join our team; he strengthens our international expertise and our network."