Public Property Invest ASA (PPI) has acquired two high-quality healthcare and community service properties in Helsinki, Finland, for a total property value of €63m.
The properties, constructed in 2019 and 2021, offer a combined lettable area of approximately 13,520 m². Located in the rapidly developing Tikkurila district, they are strategically positioned along the main rail line, approximately 15 minutes from Helsinki's central business district and 5 minutes from Helsinki Airport. The properties have direct access to Tikkurila train station, Finland's third busiest.
One property is a hospital providing specialist health services, fully leased to Mehiläinen on a 12-year remaining lease. Mehiläinen is among Finland's largest and fastest-growing private healthcare operators. The second property is a fully leased multi-tenant building, with major tenants including the City of Vantaa, Forenom, Nordea, Terveystalo, and Kesko. This building also offers expansion opportunities for Mehiläinen.
“This acquisition will further increase our presence in central and attractive locations in the largest Finnish cities. The properties provide attractive risk-adjusted returns for our shareholders and we see further value potential in both the properties, the existing tenant mix and the prime location in the Tikkurila district in the greater Helsinki area,” said Ilija Batljan, CIO of PPI.
People mentioned:
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Ilija Batljan, Chief Investment Officer, Public Property Invest ASA
Companies mentioned:
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Public Property Invest ASA – Real estate investment company focusing on public properties.
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Mehiläinen – Private healthcare operator in Finland.
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City of Vantaa – Municipality in Finland.
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Forenom – Accommodation provider.
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Nordea – Financial services group.
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Terveystalo – Healthcare service company.
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Kesko – Retailing conglomerate.
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