The property is located in the Bastukärr logistics area, just 30 minutes away from Helsinki and contains 2,031 sqm of office and workshop space in addition to the vast outdoor storage areas. PNO Finland Oy continues as one of the long-term tenants in the property after the sale.

“We are extremely pleased to have been able to assist our client on facilitating this successful sale-and-leaseback process. This investment opportunity sparked delightful amount of interest among investors which underlines the robust demand towards the outdoor storage and light industrial segment. This project is further an ideal example of JLL’s capabilities to comprehensively advise our clients in sale-and-leaseback arrangements,” says Olli Peltomäki, Director of JLL Capital Markets Finland.

JLL acted as vendor’s sole commercial advisor in the process. DLA Piper Attorneys Finland acted as vendor’s legal advisor in the process.