Patrizia has acquired a portfolio of multifamily residential properties in Helsinki, Finland, from Taaleri, the Nordic investment and asset manager, for €145 million, on behalf of its institutional clients.
The portfolio comprises 461 apartments across nine properties, with a total lettable area of c. 25,000 sq m. Eight of the properties were constructed between 2014 and 2017, while the other asset was built in 1969 and was fully renovated in 2015.
The entire portfolio is located within the Greater Helsinki region and all properties benefit from excellent public transport links that provide access to the city centre.
Jörg Laue, Head of Transactions Nordics at Patrizia, commented: “Patrizia has significant experience and a long track record in the residential sector. This acquisition presented us with an exciting opportunity to invest in a modern, high quality portfolio of modern multifamily properties that are income producing from day one. The properties all benefit from strong transport links, providing quick access to the capital’s centre and its amenities.”
Johan Öhlund Lagerdahl, Country Head Finland at Patrizia, added: “This latest deal continues our impressive momentum in the Nordics and follows our recent acquisition of an asset in Västerås, Sweden. By adding these nine assets to our current portfolio in Finland it shows that we are committed to the Finnish market and we continue to look for further investment opportunities in Helsinki and throughout the region, with a focus on the residential and office sectors.”