News and Press Releases

Catella acted as Julius Tallberg-Kiinteistöt Oyj’s advisor in the sale of a retail property located in Suomenoja, Espoo. The buyer is Erikoissijoitusrahasto Fennica Toimitilat I.

Catella acted as Varma Mutual Pension Insurance Company’s advisor in the sale of the Syke shopping centre in the Lahti city centre. The buyer is Osuuskauppa Hämeenmaa cooperative.

Availability of real estate financing improved despite uncertainty in the global markets The main index of Catella CREDI of the Q2 2019 survey reached 53.4 surpassing the level of 43.4 reached in the CREDI survey of Q4 2018. This indicates an improved sentiment for the real estate debt market especially during the past six months. The availability of real estate financing has improved during the last six months and is expected to improve slightly during the next six months. Similar trend can be detected in the credit margins of real estate debt, which have improved during the past six months and are expected to improve eve more during the next six months.

Catella acted as Pegasos Real Estate Ky’s advisor in the sale of an office and production property located in Pitäjänmäki to Conficap Oy.

Investment market remains very active During the first half of 2019, the total transaction volume in Finland amounted to 3.0 billion euros. The corresponding volume of 2018 was 3.9 billion euros. The market has remained active with the total amount of transactions decreasing slightly compared to last year. Foreign investors’ interest in the Finnish market has remained strong, and foreign investors’ share of the total transaction volume amounted to 49 per cent.

Catella acted as Ålandsbanken Residential Property’s advisor in the sale of two modern residential properties in the HMA. The properties comprise in total 87 apartments. The buyer is AEW on behalf of a German pension fund.

Catella acted as OP Life Assurance Company Ltd’s exclusive financial advisor in the divestment of a historic landmark office property in the heart of the Helsinki CBD, at the address Eteläesplanadi 12. The buyer of the property is Union Investment Real Estate GmbH.

Catella acted as the seller’s exclusive advisor in the sale of a local shopping centre in Eastern Helsinki. The buyer is Evli Rental Yield fund managed by Evli Fund Management Ltd.

Catella acted as Tradeka-kiinteistöt Oy’s advisor in the sale of a hotel property in Helsinki. The buyer is Fastighets AB Balder.

Catella acted as Investors House’s advisor in the sale of a hotel property in the Pori city centre. The buyer is Evli Rental Yield fund managed by Evli Fund Management Ltd.

Catella acted as the seller’s advisor in the sale of an XXL retail property located in Oulu, Finland.

Catella acted as an advisor to FinCap, when it sold two care properties. The properties were divested to Evli Healthcare I Ky.

Catella advised Alfred Kordelin foundation when it sold the courthouse property in Seinäjoki to Trevian Finland Properties I.

Catella Market Indicator has been published; Third strong year for property investments in a row During 2018, the Finnish real estate market continued on a strong note. Transaction volume eventually climbed up to EUR 8.9 billion, which is the second highest volume of all times. Weakening economic growth and general  uncertainty regarding the future have not yet reflected on the property market, and activity is  expected to remain high also in 2019.

Catella advised Polaris Pensionsstiftelse when it sold its residential property in Lauttasaari to Asunto Oy Helsingin Lahnaruoho, which is a company owned by Asuntosalkku Suomi, Nordic Business Investments and Diretor.