Partners Group, the Swiss-based investment manager, has secured a last-mile logistics deal on behalf of clients.
The seller of the 19-strong portfolio is Mandatum Asset Management, the asset management arm of Finnish insurance company Sampo Group.
Thirteen of the assets are in Helsinki, five in Tampere, and one in Oulu. The portfolio's net leasable area is around 140,000 sm2, and is 96% occupied by over 80 tenants from a diversified range of industries with 100% annual inflation adjustment leases.
No price guide was given.
Partners Group, alongside its local operating partner Trevian, will execute a value creation plan and seek to scale the portfolio into a leading platform in Finland.
Key initiatives will include re-leasing assets at market rents, executing extensions to fulfil tenant expansion needs, as well as targeted capex initiatives to upgrade facilities with a strong focus on ESG-enhancement.
Kirkland & Ellis, Borenius Attorneys, and PwC advised Partners Group.
