Swedish investment company Alma Property Partners has acquired four office properties in Espoo, Finland, from a fund managed by JP Morgan.
The transaction price was not disclosed. The assets, located in the Keilaniemi office area of Espoo, comprise around 24,500 m2 of leasable area. The transaction is the second in Finland for Alma's opportunistic fund.
'The office properties we acquired are located in one of the most attractive office areas in greater Helsinki,' commented Robert Landtman, partner at Alma, which focuses on the Nordic region. 'The Keilaniemi area will become even stronger with the opening of the new metro station and the planned improvements to Ring Road I.'
'We will, together with Reforma Property Development, work actively to improve and modernise the assets so that they meet the requirements of current and future tenants,' Landtman added.
Alma was advised by Avance Attorneys, EY and Reforma.
