The Finnair Group's Finnair Facilities Management Oy has sold to NV Property Fund I Ky, and leased back on long-term lease agreements, four strategic properties located in the area of Helsinki-Vantaa Airport.
The selling price is €77 million. The arrangement is part of a financing program earlier announced by Finnair.
The properties comprise Aircraft Hangar 7, the Ground Handling Fleet Centre, the Ground Equipment Maintenance Unit and the Training Centre. The properties will be leased by Finnair Facilities Management Oy and the users of the facilities are various business units of Finnair. The leased area totals around 60,000 m².
Newsec Advice Oy has acted as Finnair's commercial adviser in the sale-and-leaseback arrangement.
Source: Finnair Plc