NREP Nordic Strategies Fund II, the real estate fund advised by NREP, invests in modern logistics through an acquisition of three modern centers along the Helsinki-Tampere highway. The properties are acquired from Ahlström Kiinteistöt Oy and their total lettable area exceeds 50,000 sqm.

Two of the properties are located in Hämeenlinna in the Moreeni area, and one is located in Akaa in the immediate vicinity of the Helsinki-Tampere highway. The properties are already let with long-term rental agreements to Fiskars Finland Oy, Posti Kiinteistöt Oy and Coveris Rigid Finland Oy.

“Our fund invests in modern logistics centers at high quality logistics locations. The acquired properties meet all our criteria very well. The properties are let with long-term leases to strong covenant tenants. The Helsinki-Tampere highway is the main highway in all of Finland and its traffic volumes are set to grow substantially in the future, securing strong demand for logistics space at these locations," says NREP director, Petri Valkama.

”We are very pleased with the acquired portfolio. The properties correspond with our strategy to invest in prime modern logistics premises. The investments offer a good risk/return balance and complements our Nordic logistics portfolio, which already exceeds 1,000,000 sqm in lettable area," says Jani Nokkanen, partner at NREP.

NREP Nordic Strategies Fund II invests mainly in retail, logistics and residential properties in the Nordic region. The fund is backed by a number of blue-chip international institutional investors. The fund made its first investments in spring 2016, and will invest more than EUR 1.5 billion in the Nordic real estate market.