Partners Group, advised by Trevian, has purchased the SaKa Hallikiinteistot real estate portfolio in Finland. The portfolio comprises 140,000m² of real estate in Finland's most central logistics and industrial areas. Trevian will manage the portfolio post-acquisition. The sellers in the transaction were Mandatum and Kaleva Mutual Insurance Company.
“We are proud that we were able to facilitate the completion of the transaction. In the future, our goal is to increase the portfolio even further, and buy more assets of similar characteristics. Amidst the challenges of the general market situation, we establish a new and important relationship with Partners Group through this transaction, further strengthening our position as Finland's leading commercial real estate asset manager”, said Investment Director Risto Vuorenrinne from Trevian.
Partners Group, alongside Trevian, will execute the value creation plan and seek to scale the portfolio into a leading platform in Finland. Key value creation initiatives will include re-leasing assets at market rents, executing extensions to fulfil tenant expansion needs, as well as targeted capex initiatives to upgrade facilities with a strong focus on ESG-enhancement.
"We have been actively targeting the logistics sector across Europe and investing in select opportunities in strategic growth locations. The way we work, live, and consume is fundamentally changing and is increasing the demand for logistics occupiers in Finland, an export market relying on logistics to support its key economic industries," commented Johan Johansson, Private Real Estate Europe, at Partners Group.
