Nordic Real Estate Partners acquires properties in Finland for €24 million (FI)

Nordic Real Estate Partners (NREP) has acquired four retail and logistics/warehouse properties and in addition signed a pre-contract for a new development of a logistics terminal with one of its strategic partners.

One transaction with a value just over €4 million was closed in May and the remaining transactions were closed in July with a total value just over €20 million including the logistics development. The assets are located in Turku, Vaasa and Lahti regions. The total area of the acquired properties is close to 37.000 m².

NREP has so far in 2006 invested €35 million in Finland. "The recently acquired assets are well in line with our strategy to invest in retail assets in top-20 cities in Finland as well as modern, strategically located logistics facilities. Furthermore, with these acquisitions we have been further able to strengthen our cooperation with some of our key tenants", comments Jussi Thusberg of NREP regarding recent deals.

Source: NREP

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