Urban Light completed its second investment by acquiring a property at Niittyvillankuja 3, Koivuhaka, a strong logistics area near Helsinki Airport. The property comprises 4,500 square meters of high-quality leasable space with free ceiling heights above 8 meters and a large yard area. Strong tenants of the property include Skanska Rakennuskone Oy and Pakkauspörssi Oy.

"This second investment fits well with UrbanLight’s strategy of acquiring high-quality last-mile and logistics assets in prime locations. We see an opportunity to modernise the property through energy-efficiency investments to improve the property’s sustainability footprint," says Robert Landtman, Partner and Head of Finland at Alma Property Partners.

"The acquisition of Niittyvillankuja 3 demonstrates Alea's ability to identify and execute attractive off-market deals. Our pipeline looks really promising, and we are actively pursuing several additional transactions that should close during the spring," says Mikko Haapalainen, Founding Partner at Alea Partners.