Swiss Life Asset Managers Nordic has bolstered its presence in Finland by acquiring the Bredis retail park from eQ Commercial Properties Fund.
The 23,000 m2 big-box retail complex, consisting of four properties, boasts a diverse tenant mix, including well-known names such as Lidl, Rusta, Tokmanni, Jysk, Power and Puuilo.
Completed in stages between 2018 and 2021, Bredis is strategically located in the Greater Helsinki area, between Helsinki and Espoo.
This investment strengthens Swiss Life Asset Managers' Finnish portfolio with properties known for strong tenant retention and promising long-term returns.
Furthermore, the properties meet high environmental standards, reflecting the company's commitment to sustainability. All four buildings hold the highest energy performance certificates and utilize solar panels to generate renewable energy for both the properties and their tenants.
Martin Grimm Strømme, portfolio manager at Swiss Life Asset Managers Nordic, said: ‘These properties tick all the right boxes for us as an owner and shows us that the current market provides interesting opportunities for those with dry powder. In addition, being able to do this purchase together with a local operational partner was important to secure the right management for the assets with local knowledge and insights.’
Kristian Korbu, senior transaction manager at Swiss Life Asset Managers Nordic, added: ‘This acquisition symbolizes Swiss Life Asset Managers’ goal to further grow in Finland across all property segments, as we continue to look for more investment opportunities in the Finnish market in the near future.’
Swiss Life AM Nordic was advised by Krogerus and Granlund, while the sellers were advised by Avance and Advium Corporate Finance.
