YIT and HSY Signs Deal in Espoo

Finland Finland — YIT and Helsinki Region Environmental Services, HSY, have signed an agreement on the construction of a new underground wastewater treatment plant in Blominmäki, Espoo. The project will be carried out as a project management contract and its value is approximately EUR 206M.  

Regenero Signs Tenant Agreement in Espoo

Finland Finland — Regenero, a joint venture formed by YIT and HGR Property Partners, has signed an agreement with the City of Espoo to lease premises in the Tietotie 6 office property in Otaniemi, Espoo.

Sato Sells Hotelhomes to Forenom

Finland Finland — Sato sells all the shares in Sato Hotelhome Ltd to Majoituspalvelu Forenom Oy. There are a total of 195 furnished Sato Hotelhome apartments, with most of these in central locations in Helsinki's Kamppi and Kruununhaka districts and in Tapiola, Espoo.

Regenero Signs Large Deal in Keilaniemi

Finland Finland — Regenero, a joint venture formed by YIT and HGR Property Partners, has signed an agreement with Accountor Holding Oy to lease office spaces in the high-rise building in Keilaniemi, Espoo, to be renovated.

Genesta Aqcuires Large Logistics Property in Espoo

Finland Finland — Genesta acquires the 66,680 square meter large logistics property Juvan Teollisuuskatu 25, Espoo, on the behalf of its fund GNRE Fund II. The seller is a fund managed by J.P. Morgan Asset Management.

Peab to Build Apartments in Espoo 

Finland Finland — Peab and Kojamo Group’s Lumo Kodit are building 135 Lumo rental apartments in Espoo. The property is located at Uuno Kailaan katu 5 in Leppävaara.

Hemsö Acquires Nursing Home and Preschool in Espoo

Finland Finland — The acquisition is being carried out under the framework agreement signed with YIT in June 2016. The purchase price amounts to approximately EUR 13M.

YIT Starts the Construction of New Apartment Buildings

Finland Finland — YIT starts self-developed apartment building projects with the value of approximately EUR 45M in total. Three out of four projects are located in Finland.

Sato Buys 150 Apartments

Finland Finland — Sato has bought residential properties from Veritas Pension Insurance located in Espoo, Vantaa and Turku.

Bonava Sells in Espoo

Finland Finland — Bonava is selling 119 rental apartments in Perrkka, Espoo, to the investor OP-Rental Yield.

YIT to Construct Apartment Building Project

Finland Finland — YIT starts the construction of an apartment building project in Vermonniitty, Espoo, in Finland.

Bonava Sells Rental Apartments in Espoo

Finland Finland — Bonava is selling a rental project in Espoo, Finland, to the investor Ice Capital Housing Fund IV Ky. The project comprises 78 rental apartments in a single property.

YIT Starts Several Building Projects

Finland Finland — YIT starts the construction of apartment building projects in Kuninkaantammi, Helsinki and Mankkaa, Espoo. The combined value of the projects is approximately EUR 25M and each project will comprise approximately 50 apartments.

Alma Acquires Office Properties in Espoo

Finland Finland — Alma Property Partners I AB, a fund managed by Alma Property Partners, has acquired four office properties in the Keilaniemi office area in Espoo, Finland.

CapMan Real Estate Sells Shopping Centre

Finland Finland — CapMan Real Estate I fund has sold the Entresse shopping centre in Espoo Centre, Finland, to a fund managed by Barings Real Estate Advisers.

Lumo Builds Rental Apartments in Espoo

Finland Finland — Lumo Kodit Oy, in cooperation with Peab, is building apartments at Koivu-Mankkaantie 1b in Espoo. The privately financed rental accommodation consists of one-, two-, and three-bedroom apartments.

Valad and Goldman Sachs Acquire the Omega Portfolio in Finland

Finland Finland — Valad Europe, part of Cromwell Property Group, and Goldman Sachs have acquired the Omega portfolio comprising 22 properties in Finland.

Sponda Sells in Helsinki and Espoo

Finland Finland — The property investment company Sponda Plc has sold a property in Helsinki and a plot of land in Espoo.

Major Office Transaction in Espoo

Finland Finland — Commerz Real has sold the Life Science Center Keilaniemi office property in Espoo, Finland, to Nordic private equity investor Niam.

Hemsö Buys Nursing Home and Preschool in Finland

Finland Finland — Hemsö has acquired a nursing home and a preschool under construction in Finland. The purchase price amounts to approximately EUR 13M.

NCC Sells Share of Finnish Project Company to Citycon

Finland Finland — NCC has sold its share of the Matinkylä Shopping Center project in Espoo, Finland, to its business partner Citycon. The purchase price for NCC’s portion of the jointly owned project company is approximately SEK 750 M (€79 M).

Ilmarinen Develops 200 Rental Apartments

Finland Finland — Pension insurance company Ilmarinen has signed an agreement with construction company Lujatalo on developing 200 rental apartments in Espoo and Vantaa.

Lidl Acquires Office Property from Ilmarinen

Finland Finland — Pension Insurance Company Ilmarinen has sold an office property located in Niittykumpu, Espoo, to Lidl Suomi Ky. The office has lettable area of approximately 10.000 sqm.

Tapiola Acquires 94 Apartments

Finland Finland — A fund managed by Tapiola Real Estate Asset Management acquires 94 apartments from the Swedish construction company Peab.