ARTICLES TAGGED WITH "Varma"

Ylva and Varma Establish a New Joint Venture

Finland Finland — Ylva and Varma have agreed on forming a joint venture, concerning the Lyyra development project in Helsinki.

Another Divestment Made: Here Are Varma’s Acquisition Targets

Finland Finland — Ilkka Tomperi, Investment Director and Head of Real Estate at Varma on the Finnish operations going forward, and the struggle on the office market. “This is likely to have a negative effect on the outlook of non-prime offices.”

Varma Sells Office Property in Helsinki

Finland Finland — Varma sells an office property located in Herttoniemi, Helsinki, to a group of private investors.

The Insurance Company’s Performance During the Pandemic: “We Weathered the Storm”

Finland Finland — Ilkka Tomperi, Investment Director and Head of Real Estate at Varma, on the major divestment to Morgan Stanley, a summary of Varma's 2020, and investment targets for 2021.

Morgan Stanley Makes Residential Acquisition from Varma

Finland Finland — A property fund advised by Morgan Stanley Real Estate Investing (MSREI) has made a new acquisition in Finland. The fund has acquired 151 rental residential units and building rights for approx. 130 new residential units within Haukilahti (Espoo) in the Helsinki Metropolitan Area from Varma Mutual Pension Insurance Company (Varma). Varma owns over 4,000 residential units in Finland and has well over 1,000 new units under development over the coming years. MSREI, through the funds that it manages, has previously acquired 1,900 residential units in Finland through multiple acquisitions. Premico will manage the new acquisition.

Why Varma Is Continuing to Divest Assets

Finland Finland — Ilkka Tomperi, Investment Director at Varma: ”The recent exits were part of our normal portfolio management.”

Varma Divests Two Office Properties in Helsinki

Finland Finland — Varma Mutual Pension Insurance Company has sold two office properties in Lauttasaari, Helsinki. The total floor area of the Itälahdenkatu 15-17 and Itälahdenkatu 22A properties is over 15,000 sqm.

Varma’s Investment Director on the International Outlook

Finland Finland — Ilkka Tomperi, Investment Director and Head of Real Estate at the pension company Varma, on the latest sales, the residential project outside Finland and future investments.

Varma Sells Two Properties in Oulu and Lappeenranta

Finland Finland — Catella acted as an advisor to employment pension company Varma in the sale of Kiinteistö Oy Kuntotalo and in a sale of Lappeenrannan Kodinkeskus retail property.

“Flexible Office Solutions Are Likely to Be More in Demand”

Finland Finland — Ilkka Tomperi, Investment Director and Head of Real Estate at Varma, on the effects on the Finnish property market, post the corona crisis.

Varma Divests a Reception Centre Property in Helsinki

Finland Finland — Mutual Pension Insurance Company Varma has sold a reception centre property in Helsinki to an unnamed buyer.

Varma to Acquire OP Cooperative’s Vallila Property Together with South Korean Investors

Finland Finland — South Korean-Finnish consortium which includes Varma Mutual Pension Insurance Company, NH Investment & Securities (NHIS) and Shinhan Investment Corp. have acquired OP Cooperative’s HQ property in Vallila, Helsinki. The value of the transaction is 480 million euros. OP will continue operating in the property under a long-term lease agreement.

The Real Estate Investor’s Office Targets in Finland

Finland Finland — Varma’s Business Director Toni Pekonen: “There is still opportunities for attractive investments in the office market.”

Varma Acquires Office Property from DWS

Finland Finland — Varma acquires approximately 7,000 square meters office property on Itämerenkatu 9, Helsinki, from DWS.

Scandic to Open Central Helsinki’s Largest Conference Hotel

Finland Finland — Scandic has signed a lease agreement for a new meeting and conference hotel in Helsinki. The hotel, Scandic Avenue, will have 350 rooms and will be located near the Old Church Park in the heart of the city. It is scheduled to open in 2022.

Why the Need for Hotels in Helsinki Is Increasing

Finland Finland — Ilkka Tomperi, Investment Director and Head of Real Estate at Varma: “Change of use refurbishments do happen every now and then.”

After the Major Divestment in Helsinki – Here Are Varma’s Next Targets

Finland Finland — Ilkka Tomperi, Investment Director and Head of Real Estate at Varma: “This was a suitable moment to sell the core property.”

Varma Divests SOK HQ to Pareto Company for EUR 130M

Finland Finland — Varma sells SOK headquarters in Vallila, Helsinki to Fleming Properties for EUR 130M.

Varma Sells Syke Shopping Centre

Finland Finland — Varma Mutual Pension Insurance Company sells the Syke Shopping Centre in Lahti to Osuuskauppa Hämeenmaa cooperative.

“This Is Another Hotspot for Office Occupiers”

Finland Finland — Ilkka Tomperi, Investment Director and Head of Real Estate at Varma, tells Nordic Property News about the acquisition from NCC, the benefits of Leppävaara in the Espoo area and he gives an update on the blockbuster shopping center merge in Vantaa.

NCC Sells Office Project to Varma

Finland Finland — NCC has signed a long-term lease for approximately 10,000 square meters with the company Trimble Solutions Corporation in a new office project at Hatsina in Espoo, Finland. NCC has also signed an agreement with pension insurance company Varma to sell the project when completed.

Jumbo and Flamingo to Merge Into the Nordics’ Largest Shopping and Entertainment Centre

Finland Finland — Mutual pension insurance companies Varma and Elo have agreed on a transaction that involves the merger of the Jumbo Shopping Centre and Flamingo Entertainment Centre located in Vantaa, near Ring Road III. The value of the transaction is approximately EUR 600 million, and once it is finalised, Varma and Elo will each have a 50 percent share in the real estate.

Finland's First Business Park Spektri to be Unified

Finland Finland — Spektri Kiinteistöt Ky, company established by the current owners of Finnish business park Spektri – Mutual Pension Insurance Companies Ilmarinen and Varma, together with the Helsingin Seurakuntayhtymä, and Yle Pension Fund – has acquired the real estate company Kvartti of Spektri. Trevian will manage the business park and acted as an advisor in the acquisition.

Barings Buys Housing in Finland

Finland Finland — Barings Real Estate Advisers announces that it has acquired a EUR 43M portfolio of seven residential properties in Finland from Varma. Following this acquisition, Barings’ first in the residential sector in Europe, the firm now manages more than EUR 844M of real estate assets in the Nordics.

Balder New Majority Owner of Serena Properties

Nordic — Balder has agreed to acquire 56 percent of Serena Properties, a company currently owned by Ratos, Varma Mutual Pension Insurance Company och Redito.