Nyfosa Finland aqcuires commercial real estate in Finnsh regional cities at a value of MEUR 75.9
Nyfosa Finland has acquired commercial properties in the Finnish regional cities of Jyväskylä, Lappeenranta and Kuopio in two separate transactions. The purchases have a total value of EUR 75.9 million, which corresponds to approximately SEK 767 million, with an annual rental value of EUR 9.9 million, which corresponds to approximately SEK 100 million.
The portfolio in Jyväskylä and Lappeenranta comprises six properties with a total area of 46 thousand square meters and consists mainly of offices. The five properties in Jyväskylä are centrally located and reinforce Nyfosa’s already established office offering in the area. The Lappeenranta property consists of a series of office buildings adjacent to the university. The portfolio has a diversified and stable tenant base, with the largest tenants being Nordea Bank and IT company Solteq. The average remaining term is 1.5 years with a high proportion of current rental contracts with a term of 6 and 12 months and an occupancy rate of 89 percent. The closure is scheduled for November 30, 2021, with the exception of one property that is scheduled to close in the first quarter of 2022.
The property in Kuopio, in Siikaranta south of the center, is a mixed-use property of 21,000 square meters with considerable development opportunities in the form of building rights. The average remaining contract term is 4.8 years and the occupancy rate is 99 percent. It was closed on October 1, 2021.
“Our investment mandate with Nyfosa in Finland continues to grow. With these acquisitions, we are expanding our presence in Jyväskylä and further broadening the portfolio with attractive locations and good returns. We now have properties on the Finnish market with a total value of approx. 3.4. acquired billion SEK “, comments Hanna Rauhala, Partner and Head of Finland at Brunswick Real Estate.
For more informations:Hanna Rauhala, Partner and Head of Finland, Brunswick Real Estate
P: +358 40 029 7312
e: [email protected]
About Braunschweig Immobilien
Brunswick is one of the leading real estate investors in the Nordic region, providing investment management services for investments and debt. Brunswick builds independent, sustainable investment platforms with a focus on targeted investment strategies and works closely with Nordic and international investors as well as local partners. The team consists of around 60 employees in Stockholm, Helsinki and Copenhagen. For more information, please visit: www.brunswickrealestate.com
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