Nordic Strategies Fund has bought a 52,000 m2 logistics site in Hämeenlinna, Finland, taking its spend to €110 mln within one month of its first close.
Nordic Strategies Fund has bought a 52,000 m2 logistics site in Hämeenlinna, Finland, taking its spend to €110 mln within one month of its first close.
The pan-Nordic fund, which is advised by Nordic Real Estate Partners (NREP), had a first closing of €148 mln in early May.
The Hämeenlinna purchase is a sale-and-leaseback deal with packaging firm Huhtamäki Oyj, and marks the fund’s first acquisition in Finland.
Hämeenlinna is a logistics hub about half way between Helsinki and Tampere.
‘This investment has the defensive risk/reward balance that we look for and is fully in line with NREP’s strategy to acquire efficient generic logistics buildings with low re-letting risk located in prime well-established logistics hubs or corridors,’ said Jani Nokkanen, partner at NREP.
NREP has a Nordic logistics portfolio of more than 550,000 m2.
