“The property has been part of the real estate investment portfolio of Fennia Life, managed by S-Bank Properties. In cooperation with the tenant, an extensive renovation has been carried out on the property, significantly improving the operating conditions for Pihlajalinna Dextra Munkkivuori. The property sale aligns with portfolio strategy and creates opportunities for new investments,” says Harri Oravainen, Real Estate Investment Director, S-Bank Properties.

“Our acquisition of the medical center in Helsinki marks another significant step in our fund’s strategic expansion across key European markets. This addition aligns well with our portfolio, enhances our position in the region by increasing exposure to this sector, and reinforces our commitment to long-term growth,” says Mélanie Ballu, Investment Director, Corum.

JLL acted as commercial advisor to Fennia Life and S-Bank Properties in the transaction.

“We are very pleased to have completed this transaction with Fennia Life. Investor demand in healthcare real estate continues to be robust, with the sector showcasing its resilience across various economic conditions. With this transaction, JLL further strengthens its market leadership in community property transactions in Finland, and it's nice to add this deal to our references. We want to thank and congratulate Fennia Life, S-Bank Properties, and Corum on a successful deal,” says Jari Tirkkonen, Director, Capital Markets, JLL Finland.

Avance Attorneys acted as legal advisor to Fennia Life and S-Bank Properties.