Espoo is one of the fastest growing municipalities in Finland and is located in the Helsinki Metropolitan Area. The original developer of the project is Sjaelso Finland Oy. Construction works will finish is spring 2016. The property is fully let to Kesko, a leading grocery retail group in Finland, with a long-term lease agreement.

Newsec was the seller´s advisor.

NREP Nordic Strategies Fund I invests in retail, logistics and residential properties in the Nordic region. The fund is backed by leading Nordic and international institutional investors and has invested and committed approximately € 800 M since inception in May 2014.