"The Finish property market is attractive in its possibility to bring a higher yield compared to Sweden. At the same time, Finland’s economy is getting stronger with good conditions for business and growth, which in the long-term can be expected to also result in a good value growth in the commercial property market. Furthermore, our markets have similarities in transparency, business conditions and ways to cooperate," says Skandia Fastigheter’s CEO Anders Kupsu.

The acquisition of the property Salminsaarenaukio 1 in Ruoholahti will be the starting point for a growing branch in Finland, focusing on the Helsinki area, including Espoo and Vantaa. The building was built in 2007, with a lettable area of 14,433 square meters which are all occupied by 11 tenants. The selling party is German company Triuva and the property was taken over on July 1, 2017.

"Starting off, the management of the Finnish holding will be handled by a local company, but the plan is to later build up an own management organisation under the name Skandia Properties. Through the acquisition of Salmisaarenaukio 1 we are taking our first step on this exciting market, where we are very much looking forward to great cooperations," says Olof M. Boltzius, business developer at Skandia Fastigheter in charge of the Finnish branch.