There are 31,828 square meters of leasable area and one hundred tenants in the properties. Anchor tenants include the District Court of Päijänne Tavastia, engineering company Andritz Oy and leading financial administration firm Rantalainen Oy. There is mainly modern high-quality space in the properties that were built in many stages between 1920 and 2019.
“There are 120,000 people living in the city of Lahti, and the Lahti subregion with its 202,000 inhabitants is the fifth largest in Finland. Based on our investment strategy, a presence in Lahti is self-evident for us,” says Risto Aro, Director of Real Estate Investments at Trevian Funds AIFM, and continues:
“The acquired properties are located in an attractive and developing area. The Askonalue district of Lahti is becoming a vivid and versatile neighbourhood for work, living and events.”
After the acquisition, there are about 300,000 square meters of leasable area and more than 600 tenants in the fund’s portfolio. Trevian Finland Properties I will continue making acquisitions of commercial properties in the main cities of Finland, in line with its investment strategy.