The property was acquired by Nordika in April 2017 as part of a property portfolio in the Helsinki area. The property is well adapted for the city of Espoo, which uses the property for most care-related activities. Since the acquisition, Nordika has upgraded, modernized and certified the property with BREEAM.
"We are very pleased to have once again completed a successful transaction together with EQ Community Properties. The property is well positioned for the future with a stable tenant. The transaction realizes a very good risk-adjusted return and confirms Nordika's track record in the Finnish market," says Gabriel Cronstedt, partner at Nordika.
Newsec and White & Case were advisors to Nordika in the transaction.