ANL Kiinteistöt 1 Ky has acquired an office/retail portfolio from Trackside Holding Ltd.
ANL Kiinteistöt 1 Ky is a company managed by Amplion Asset Management Oy. Investors in the company include Finnish institutional investors.
The portfolio comprises 10 office/retail assets that are located in growth cities all over Finland among others in Helsinki, Tampere, Lahti, Oulu, Jyväskylä and Rovaniemi. The lettable area of the portfolio is approximately 50,000 m² and the biggest tenant in the portfolio is Nordea Bank Finland Plc.
"This portfolio provides investors with a stable cash flow and an attractive cash yield. Amplion is responsible for management of the fund as well as the profitability of the investment. We are happy that we have been able to find investors with equity and adequate bank financing for this transaction in the current difficult market environment" says Reima Södervall, Deputy Managing Director of Amplion.
"This transaction is an excellent example of Amplion's strategy where remarkable value can be created through active asset management. We are looking for similar projects within our operating environment in Europe together with our investors," says Timo Nurminen, Managing Director of Amplion's Swedish parent company Amplion Asset Management AB.