31 per cent of the value of the acquired apartments is located in Helsinki area, 50 per cent in Jyväskylä and Lahti, and the rest 19 per cent in medium sized towns.
26 apartments with a debt-free purchase price of € 7.1 M are new and not leased. The combined impact of the transactions and the change in the fair value of investment properties in January-February to the first quarter profit is estimated to amount to approximately EUR +3 million.
Orava Acquires apartments
Finland —
Orava Residential REIT acquires a total of 49 apartments for a total debt-free purchase price of € 9.6 million.
2016-04-01
Nicklas Tollesson
[email protected]