Nrep acquires three office properties in Helsinki

September 9, 2016

Nrep Nordic Strategies Fund II acquires office assets in the Sörnäinen, Pasila and Pitäjänmäki areas from a fund managed by Aberdeen Asset Management

Nrep Nordic Strategies Fund II, a real estate fund advised by Nrep, invests in three office properties in central Helsinki. The properties are acquired from Aberdeen Real Estate Fund Finland and their total lettable area exceeds 40,000 square meters.

The tenants in the portfolio include both government organizations as well as small and medium-sized companies. Each asset has a prime location in the relevant areas and a flexible layout allowing for multiple tenants.

“Nrep is interested in office properties in strong locations and the assets in this portfolio fit our strategy well. We are excited to start redeveloping these office buildings in collaboration with existing and new tenants, which will require significant investments over the coming 1-2 years. Our ambition is to be the preferred landlord by offering flexible solutions in prime locations to our tenants”, comments Jani Nokkanen, partner at Nrep.

Nrep Nordic Strategies Fund II invests mainly in retail, logistics and residential properties in the Nordic region and is backed by a number of blue chip international institutional investors. The fund made its first investments in spring 2016, and will invest more than EUR 1.5 billion in the near future.

For additional information please contact:

Jani Nokkanen, Partner, Nrep, +358 45 122 8002