Nordika acquires second portfolio in Finnish high yielding big-box retail platform, one month after launch

In April 2025, Nordika launched an investment platform in Finland, targeting high-quality big-box retail assets, with an emphasis on properties anchored by tenants in the discount retail segment. The objective is to build a robust, high yielding platform with an initial asset value of approximately EUR 100-150 million in the first phase.

The platform’s second off-market acquisition comprises a portfolio of three assets located in prominent regional cities, including Oulu and Jyväskylä. The majority of income is derived from leading discount retailers such as Tokmanni and Puuilo. This acquisition enhances the platform’s diversification through the addition of both new tenants and new geographic markets, further supporting its strong cash-on-cash return profile.

Nordika was advised by MREC, Merilampi, PWC, Ramboll.

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