Sagax Expands in Finland

Finland Finland Sagax acquires a warehouse property in the Vantaa, Helsinki and two propertis in Eindhoven in the Netherlands.


Share via e-mail

Sagax has acquired a warehouse property in Vantaa, 20 minutes north of central Helsinki and 10 minutes from Helsinki-Vantaa airport. The property encompasses 89,000 sqm redeemed land area and 62,300 sqm leasable area mainly consisting of warehouse facilities. According to the lease investments can be requested in the property against rent allowance. The property is acquired in company form and access has taken place today.
The property is acquired from Ilmarinen. Our of the purchase price, MSEK 165 is paid through 4,900,000 newly issued ordinary shares in the D Series. The settlement price amounts to SEK 33.68 per share, corresponding to the average price during the last fifteen (15) trading days. The newly issued shares correspond to 1.8 percent of the capital and 1.2 percent of the votes in Sagax. The issue is carried out on the basis of the authorization granted at the Annual General Meeting on May 7, 2018. Following the issue, the total number of outstanding ordinary shares of Series D amounts to 101,900,000.
Sagax has also acquired two properties in Eindhoven, the Netherlands. The properties are located next to each other and have a total leasable area of ​​6,600 sqm, mainly consisting of warehouses. Access will take place in Q1 2019.
Sagax's combined acquisition cost amounts to SEK M396. The annual rent amounts to the equivalent of MSEK 37. The average remaining time of the leases is 6.9 years.
Advium was the advisor to Ilmarinen.

Axel Ohlsson

Ilmarinen Acquires in Atlanta

Finland Finland Ilmarinen has invested in an office property in Atlanta, Georgia, U.S.A. This marks Ilmarinen’s eighth joint investment with New York Life Insurance Company.

Conficap Acquires Helicopter Pilot Training Facility in Aviapolis

Finland Finland Conficap acquires a helicopter pilot training facility in the vicinity of Helsinki Airport. The tenant of the property is Coptersafety Oy, which is one of the world’s leading helicopter pilot training organizations. The sellers of the property consist of a group of private individuals who work in the field of helicopter pilot training.

The Outcome of the Shopping Center at the Russian border

Finland Finland In November, Zsar Outlet Village opened. Zsar’s CEO Sami Vainiomäki comments on the first months and how to attract Russian and Asian tourists to shop in the EU.

Why Helsinki Still is Attractive

Finland Finland Capman’s Investment Director Sampsa Apajalahti comments on the big acquisition, the multiple strategies and thoughts about the Helsinki market. “Attracts good investors.”

Capman Acquires from Icecapital – Grows Residential Mandate for BVK to EUR 820M

Finland Finland Capman Real Estate has completed the acquisition of a residential portfolio from the Finnish fund manager Icecapital and its local investors for a fund on the account of Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund group.

Peab Builds in Turku

Finland Finland Peab has been commissioned to build two residential buildings, a parking garage and a business premises on Brahegatan in Turku.

YIT to Sell the Duetto II

Finland Finland YIT and Baltic Horizon Fund have agreed on the sale of Duetto II office building located in Vilnius, Lithuania. The value of the deal is approximately EUR 18 million.

Regenero Sells to EQ

Finland Finland YIT, HGR Property Partners and their joint venture Regenero have sold the Tietotie 6 property in Otaniemi, Espoo to Special Investment Fund EQ Care (AIF).

New Trevian Acquisitions in Helsinki and Riihimäki

Finland Finland Special investment fund Trevian Finland Properties I has this acquired two commercial properties in Helsinki and Riihimäki.

Trophi Acquires Finnish Portfolio

Finland Finland Trophi has acquired a property portfolio with a property value of MSEK 460 (EUR 45M) from Elite Kiinteistökehitysrahasto I Ky.