The purchase is conditional on the prerequisites for an ordinary real estate transaction. The parties’ objective is to finalise the purchase during the first quarter of 2018.

The objective of the purchase is total capital stock of 22 condominiums. The buildings are located in Helsinki, Vantaa, Turku, Jyväskylä, Kuopio, Hämeenlinna, Lahti, Oulu and Naantali. The total gross annual rent for the apartments that are to be acquired is EUR 9.7M.

The parties have agreed that the transaction price will not be disclosed.