Nordika acquired a lease office portfolio in Helsinki from Varma and Tristan
The portfolio comprises 27,000 sqm divided among two public tenant properties as well as the headquarters of Stockmann. About 50% of the rental income is derived from municipal tenants, and the remaining part is from Stockmann. The weighted average lease time is nine years.
Jonas Grandér, CEO of Nordika comments:
“It is a solid, high-quality portfolio that Nordika has acquired with long leases and stable tenants. The properties are located in attractive micro-locations and are of good technical standard. They are acquired in a situation where the Finnish economy has improved significantly, and optimism is increasing in the local transaction market. We also see the portfolio as a very good complement to our previous investments in Finland. ”
White & Case acted as legal adviser for Nordika.
