Nyfosa Finland acquires commercial real estate in Finnish regional towns for a value of EUR 75.9 million

Nyfosa Finland has, in two separate transactions, acquired commercial properties in the Finnish regional towns of Jyväskylä, Lappeenranta and Kuopio. The acquisitions amount to a total value of 75.9 MEUR, corresponding to approximately 767 MSEK with an annual rental value of 9.9 MEUR, corresponding to approximately 100 MSEK.

The portfolio in Jyväskylä and Lappeenranta comprises six properties with a total area of ​​46,000 square meters and consists mainly of offices. The five properties of Jyväskylä are centrally located and reinforce Nyfosaoffice offer already established in the region. Lappeenranta’s property consists of a number of office buildings adjacent to the university. The portfolio has a diverse and stable tenant base, with the largest tenants being Nordea Bank and the IT company Solteq. The average residual term of the contracts is 1.5 years, with a high proportion of leases in progress over 6 and 12 months, and the occupancy rate is 89%. The closure is scheduled for November 30, 2021, with the exception of one building which is scheduled to close in the first quarter of 2022.

The Kuopio property, located in Siikaranta in the south of the center, is a mixed-use property of 21,000 square meters with significant development opportunities in the form of building rights. The average remaining term of the contract is 4.8 years and the occupancy rate is 99%. The closing took place on October 1, 2021.

“Our investment mandate with Nyfosa continues to grow in Finland. With these acquisitions, we are expanding our presence in Jyväskylä and further expanding the portfolio with attractive locations and good yields. We thus acquired properties on the Finnish market for a total value of approximately 3.4 billion Swedish kronor“comments Hanna rauhala, partner and head of Finland To Brunswick Real Estate.

For more information:Hanna rauhala, partner and head of Finland, Brunswick Real Estate
p: +358 40 029 7312
e: [email protected]

On Brunswick Real Estate
Brunswick is one of the leading real estate investors in the Nordic region, providing investment management services in the areas of investment and debt. Brunswick builds independent and sustainable investment platforms, focused on targeted investment strategies, working closely with northern and international investors as well as with local partners. The team is made up of about sixty people in Stockholm, Helsinki, and Copenhagen. For more information, please visit: www.brunswickrealestate.com

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