The properties are located in the largest Finnish cities and they are leased to Kesko and HOK-Elanto.

The parties agreed not to go public with the purchase price, but Nordic Property News has assessed it to approximately €65M.

Newsec acted as seller’s advisor in the transaction.

Through this deal Trophis portfolio now amounts to approximately SEK 7 billion (€755M). And further growth is planned.

“We are going to continue growing both in Sweden and Finland. And we will continue our active portfolio work” says Jan Björk, CEO at Redito.

Swedish Redito manages Trophi Fastighets AB, which is owned by the Third Swedish National Pension Fund.