The newly created Finnish arm of Sweden-based real estate manager Nyfosa has marked its first investment with the acquisition of five properties.
Nyfosa Finland has invested €20.6m to buy the properties in the Finnish regional cities of Oulu and Tampere. The properties have a total area of 21,000sqm and consist mainly of light industrial, professional hardware and special use premises.
Nyfosa Finland was launched in April and is managed by Brunswick Real Estate, whose ownership in the acquisition is 10%.
Hanna Rauhala, partner and head of Finland at Brunswick Real Estate, said: “We are pleased to have started Nyfosa Finland’s journey with these two deals, which both contribute with strong cash flows and sustainable rental levels in growing regional cities.
“The establishment of Nyfosa Finland has been well received by the market and we have a strong pipeline of potential transactions going forward.”
Nasdaq Stockholm-listed Nyfosa and Brunswick Real Estate aim to build up a SEK7bn (€690m) diversified property portfolio within five years.
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