Barings Real Estate Advisers announces that it has acquired a EUR 43M portfolio of seven residential properties in Finland from Varma. Following this acquisition, Barings’ first in the residential sector in Europe, the firm now manages more than EUR 844M of real estate assets in the Nordics.
Balder has agreed to acquire 56 percent of Serena Properties, a company currently owned by Ratos, Varma Mutual Pension Insurance Company och Redito.
Varma and Bonnier Books Finland have signed a long-term lease agreement on the premises located at Lönnrotinkatu 18 in Helsinki. Bonnier will move into the newly renovated loft-inspired premises in September 2017.
Sagax has acquired a property portfolio of 50,000 sqm lettable area and 627,000 land from Varma. The transaction price is MSEK 219 (EUR 22.5M).
Nordika has acquired three office properties in Helsinki from Varma and Tristan Capital. The properties were part of a larger portfolio that Tristan Capital acquired from Varma at the end of December 2016. German bank Helaba financed the acquisition.
Varma and SOK have signed a new long-term lease agreement on the rental of office space in Ässäkeskus, SOK’s head office located in Vallila, Helsinki. SOK’s head office has been in the same premises since 1991.
Avant Capital Partners, together with European Property Investors Special Opportunities 4 (Episo 4), the opportunistic fund advised by pan-European real estate investment manager Tristan Capital Partners, has acquired a 124,000 square meter portfolio of 15 offices located mainly in the greater Helsinki area, for EUR 130 million from Varma - the country’s largest pension fund with around EUR 3.7 billion in real estate assets under management. Varma will maintain a 19 percent interest in the portf
List of the five largest transactions with retail properties in Sweden from October 2015 to September 2016. The data is assembled by Newsec.
Varma has commissioned the construction of a hotel expansion in connection with the Flamingo entertainment centre in Vantaa’s Aviapolis area and will rent the new wing to Sokotel Oy under a long-term lease agreement. The expansion will house approximately 230 hotel rooms.
Varma, Capman Nordic Real Estate Fund and Cavendo have purchased Heron City, the 49,400 sqm landmark retail centre located in Kungens Kurva, Stockholm from Niam for SEK 930 million (EUR 98M).
Turku Technology Properties has further increased its property portfolio in the Kupittaa district in Turku, by acquiring a 17,758 sqm PharmaCity property from pension insurance company Varma.
Varma has signed a deal regarding the divestment of 22 business properties to the new real estate fund company Serena Properties AB. The leasable area in the divested properties amounts to approximately 152,000 sqm, and they are located in different areas in Finland. The total value of the properties amount to approximately € 191,5 M.
Varma Mutual Pension Insurance Company has signed a sale agreement concerning the sale of 50% of its shares in Certeum Ltd to Tungsten Investment, a company affiliated to Blackstone Real Estate Partners Europe IV.
Sponda divests its 38 % stake in Certeum Ltd to Tungsten Investment, a company affiliated to Blackstone Real Estate Partners Europe IV.
Pension insurance company Varma and Svenska Handelsbanken have signed a long-term lease agreement in in Helsinki.