Scandinavian real estate services firm Finadvice has brokered EUR 60 mln worth of transactions in Finland since it was launched in autumn 2009 by two former managers of Royal Bank of Scotland's Nordic arm, Sami Jarvelainen and Anders Nordlund, in partnership with Harri Saravuo and Joni Koski, who joined from Newsec. 'We have some new projects in the terminal stage,' Nordlund told PropertyEU, without adding further details.

Scandinavian real estate services firm Finadvice has brokered EUR 60 mln worth of transactions in Finland since it was launched in autumn 2009 by two former managers of Royal Bank of Scotland's Nordic arm, Sami Jarvelainen and Anders Nordlund, in partnership with Harri Saravuo and Joni Koski, who joined from Newsec. 'We have some new projects in the terminal stage,' Nordlund told PropertyEU, without adding further details.

This month, Finadvice sold an office property in the city centre of Helsinki on behalf of pension fund Etera Mutual Pension Insurance and the union of the Finnish paper workers for nearly EUR 20 mln. The property was bought through a bidding process by the Local Government Pensions Institution. The building, which was taken into use in 1999, is fully leased to Finnair Facilities Management and provides nearly 6,000 m2 of space.

'There is a strong interest among property investors in quality city-centre properties even in the current market situation,' said Timo Sotavalta of Etera Mutual Pension Insurance. 'We received several competitive offers.' Hammarström Puhakka Partners provided legal advice to the sellers.

Earlier in March, Finadvice also acted for DSV Road and DSV Solutions on the sale of two logistics centres and their head office, providing roughly 27,000 m2 of space in Vantaa. The disposal was concluded on a sale-and-leaseback basis with the Swedish property company Sagax AB and amounted to around EUR 30 mln. Finadvice also brokered another sale-and-leaseback with DSV for a logistics warehouse in Hakkila.

Headquartered in Helsinki, Finadvice Oy offers property-related advisory services to both domestic and foreign real estate investors, property developers, owner-users and tenants. The primary focus is on sales advisory services, sale & leaseback arrangements and lease agreement structuring.