Amplion Asset Management Oy's retail property-focused fund ARIF I Ky has acquired a Finnish retail portfolio of eight properties from Varma Mutual Pension Insurance Company. The transaction value was close to 28 million.
The main assets in the portfolio are K-Supermarkets in Iisalmi and Lahti, Budget Sport/Koneboxi in Espoo and S-Markets in Turku, Espoo and Kangasala. The main tenants with long-term lease agreements are Kesko Group and S-Group.
"This transaction supports ARIF I fund's strategy to build a broadly diversified retail portfolio with main focus on grocery store properties. This transaction also strengthens the portfolio's tenant mix.
"We are also extremely satisfied to be able to negotiate an optimal bank financing for a transaction of such size," says Amplion's Deputy Managing Director Reima Södervall.
"The fund is looking for new investments in the retail sector and has remaining investment capacity of 20-30 million," says Södervall.
Nordea Bank Plc and Sampo Bank Plc acted within the transaction as the arrangers of the loan facilities.
Source: Amplion Asset Management Oy