Kielo has acquired two office properties from Turun Teknologiakiinteistöt, a locally based investor, with the City of Turku as one of the main owners. In line with the latest Kielo transaction, the acquisition marks the company’s entrance to a new investment market, the city of Turku. The assets are situated in CBD within one block of the city main square and the main pedestrian street. The buildings have a combined lettable area of 10,100 sqm assets and are fully let to the City of Turku.

"The Turku market is dominated by local investors and due to our strong sourcing platform we have managed to acquire two central assets in a new target city. Turku is not only one of Finland’s largest cities, it is also home to the country’s second largest university. We will continue our souring efforts in the Kielo’s target cities to find other interesting opportunities going forward," says Hanna Rauhala, Fund Manager at Brunswik Real Estate.