CapMan Nordic Property Income Fund has acquired three modern office properties in Greater Helsinki, Finland. Two of the assets are recently built green certified multi-tenant properties located in Kapyla, Helsinki (Osmontie 38) and in Aviapolis, Vantaa (Plaza Business Park Halo). The third asset is a recently modernised office property located in Leppavaara Espoo (Quartetto Cello). The assets together form an office portfolio of c.14,500m² with over 5-year blended lease maturity where the rental income is derived from notable and credible tenants. Prior to the deal, the fund was successfully refinanced with long term multi-currency loan. The purchase price was not disclosed.
“We had an excellent opportunity to acquire three high-quality office properties. All assets are situated in well-established office submarkets with excellent connections to Helsinki city centre and to the airport. The acquisitions benefit the overall portfolio in the fund further diversifying the type of use and the tenant base. These are great additions to our fund. The refinancing increases the efficiency of the capital employed and increases the investment rate significantly”, commented Sampsa Apajalahti, Investment Director at CapMan Real Estate.