Swiss Life Asset Managers acquired a big-box retail asset located between the cities of Helsinki and Espoo from eQ Commercial properties fund. The retail box asset comprises four properties, each holding the highest available energy performance certificates. Additionally, they have solar panels installed which generate renewable energy for both the properties and tenants.
“These properties tick all the right boxes for us as an owner and shows us that the current market provides interesting opportunities for those with dry powder. In addition, being able to do this purchase together with a local operational partner was important to secure the right management for the assets with local knowledge and insights,” commented Martin Grimm Stromme, Portfolio Manager at Swiss Life Asset Managers Nordic.
Kristian Korbu, Senior Transaction Manager at Swiss Life Asset Managers Nordic added: “This acquisition symbolises Swiss Life Asset Managers’ goal to further grow in Finland across all property segments, as we continue to look for more investment opportunities in the Finnish market in the near future.“
The buyer has been advised by Krogerus and Granlund, while the sellers has been advised by Avance and Advium Corporate Finance.
Image source - Swiss Life.
Europe Real Estate — an overview of real estate developments in European countries.
