M7 Acquires Finnish Portfolio
Finland —
M7 Real Estate has a acquired a Finnish portfolio comprised of twelve buildings, totaling 63,935 sqm, from Real Estate Fund Finland I (REFF I). The portfolio is part of a EUR 200M investment across Europe.
2016-10-20
The Finnish portfolio has acquired from Real Estate Fund Finland I managed by OP Property Management Ltd and comprises three retail, two office and seven industrial assets totalling 63,935 sq m. The properties are located across Finland but with the majority in and around Helsinki. The void rate is 29 percent and Wault is two years, providing a significant opportunity to drive income through asset management initiatives.
Axel Ohlsson
[email protected]