Swiss Life Asset Managers acquired a high-standard big-box retail asset located between the cities of Helsinki and Espoo from EQ Commercial properties fund. The retail box asset comprises of four properties offering a solid tenant mix in an attractive location in a well-functioning retail park.

This purchase is set to enhance Swiss Life Asset Managers robust portfolio, offering a solid tenant mix and promising long-term returns. The properties are of high environmental standard, reflecting Swiss Life Asset Managers’ dedication to environmental stewardship. All four properties hold the highest available energy performance certificates. Additionally, they have solar panels installed which generate renewable energy for both the properties and tenants.

“These properties tick all the right boxes for us as an owner and shows us that the current market provides interesting opportunities for those with dry powder. In addition, being able to do this purchase together with a local operational partner was important to secure the right management for the assets with local knowledge and insights,” comments Martin Grimm Strømme, Portfolio Manager at Swiss Life Asset Managers Nordic.

The transaction aligns with Swiss Life Asset Managers’ aspiration to delivering exceptional value to its investors and stakeholders through diversified acquisitions and diligent asset management.

Kristian Korbu, Senior Transaction Manager at Swiss Life Asset Managers Nordic adds: “This acquisition symbolises Swiss Life Asset Managers’ goal to further grow in Finland across all property segments, as we continue to look for more investment opportunities in the Finnish market in the near future.“

The buyer has been advised by Krogerus and Granlund, while the Sellers has been advised by Avance and Advium Corporate Finance.