Localtapiola Sells Residential Portfolio to AXA
Localtapiola Real Estate Ltd’s managed fund Tapiola KR IV Ky has sold a portfolio of three prime residential properties providing a total of 89 apartments and a lettable area of 5,632 square meters to AXA IM - Real Assets, acting on behalf of its clients.
“We are very pleased that such a significant international investor has demonstrated sustained interest in the Finnish residential market”, says Kim Särs, Director of Real Estate Funds at Localtapiola Real Estate Asset Management Ltd.
JLL advised the seller Localtapiola on the transaction with Avance Attorneys providing legal advice.
Maria Olsson Äärlaht