The properties were a part of a larger portfolio that Tristan Capital purchased from Varma at the end of December 2016. The German bank Helaba financed the acquisition.
 
The portfolio encompasses 27,000 sqm divided into two social properties and additionally Stockmann’s headquarters. Approximately 50 percent of the rental income comes from municipal tenants and the remaining part from Stockmann. The average lease duration is nine years.
 
“Nordika has acquired a stable portfolio with long leases and solid tenants. The properties have attractive micro positions and have a good technical standard. We also see that the portfolio is a great complement to our earlier investments in Finland,” says Jonas Grandér, CEO at Nordika.
 
White & Case acted as legal advisor to Nordika.