The properties encompass 41,000 sqm leasable area and 190,000 sqm land. The largest individual property represents a third of the investment and consists of a sales facility in Vanda under construction.

The properties, which have been used for wholesales of technical products in electricity, VA and plumbing under the brand “Onninen Express”, will the leased to Onninen for 8 to 15 years. The average time amounts to 12 years.

Onninen is a family owned company founded in 1913. The company had a turnover of €1.5 billion in 2014 and had 3,000 employees.

Possession will be taken during 2015 with the exception of the property in Vanda, which will be taken possession of after completion during Q2 2016.