Germany's Deka Immobilien has entered the Finnish property market with the acquisition of two retail assets in southwestern Finland for a total of EUR 30 mln. The assets, located in Turku, are earmarked for Deka's WestInvest ImmoValue fund, and were purchased from Finnish project developer Virtanen Yhtioet Oy. The two retail properties are let with long-term lease contracts to the Kesko group (13,000 m2), and Danish retailer Top Toy (2,500 m2), the German fund manager said in a statement.
Germany's Deka Immobilien has entered the Finnish property market with the acquisition of two retail assets in southwestern Finland for a total of EUR 30 mln. The assets, located in Turku, are earmarked for Deka's WestInvest ImmoValue fund, and were purchased from Finnish project developer Virtanen Yhtioet Oy. The two retail properties are let with long-term lease contracts to the Kesko group (13,000 m2), and Danish retailer Top Toy (2,500 m2), the German fund manager said in a statement.
'We aspire to more investments in the country and other Nordic countries,' said Gerhard Gminder, CEO of Deka Immobilien. WestInvest ImmoValue is a dedicated fund for institutional investors, and has a portfolio of EUR 429 mln.
