Sveafastigheter acquires two office properties in Helsinki

Sveafastigheter's third fund, Sveafastigheter Fund III, has completed its first acquisition in Finland through the acquisition of two office properties in Helsinki inner city for an undisclosed amount. The assets were acquired by the Swedish company in partnership with Finnish investor HGR Property Partners from Delek Global Real Estate. The transaction was financed by Aareal Bank and Helaba, with Aareal acting as the agent.

Located at Elimäenkatu 23 and Elimäenkatu 25-27 in Vallila, Helsinki, the properties provide 19,500 m² of office space leased to TeliaSonera with an agreement nearing expiration. Both properties have been thoroughly renovated and extended between 2000 and 2002 and Sveafastigheter's plan is to lease the properties to new large anchor tenants.

'We are convinced that we can attract high-quality tenants to these assets. The properties are modern and are of a high standard as required by headquarter users,' said Patrick Gylling, partner at Sveafastigheter.

Separately, Sveafastigheter has announced the acquisition of two logistics properties in the port of Hamina with the view of developing the assets further. Sveafastigheter Fund III has bought one property from Hamina Cargo Terminal B.V. and the second one from the port of Kotka. Together the two properties will form a substantial logistics portfolio and an even stronger logistics hub located at the very core of the port of Hamina.

'We have been following the port’s development and feel that this is a very good time to invest. The port's infrastructure and proximity to the large Russian market makes it well placed to capitalise on traffic growth both domestically but also the transit trade,' explained Simon de Château, CEO at Sveafastigheter.