Nordic investment management company Redito has bought three retail properties in Finland from peer Sagax for €50 mln.

The properties are located in Tampere, Turku and Kotka and are let to hypermarket groups Prisma and Kesko. The assets provide 44,000 m2 of space and are fully let.

'With this acquisition we strengthen our position as one of the leading landlords within hypermarkets in Finland,' said Jan Björk, CEO of Redito.