News and Press Releases

Catella acted as Citycon Oyj’s advisor in the sale of shopping centre Sampokeskus in the Rovaniemi city centre. The buyer is Special Investment Fund Trevian Finland Properties I.

Catella acted as an advisor to FinCap and a group of private investors in the sale of a portfolio comprising six care properties. The buyer is Evli Healthcare I Ky, owned by the care fund of Evli Fund Management Company.

Aberdeen Standard Investment’s fund has sold an office property to Lehto Asunnot Oy. At the same time with the transaction Lehto Asunnot Oy has signed a premilinary agreement of purchasing the underlying plot from the City of Helsinki.

Tradeka-kiinteistöt Oy has sold three hotel properties separately to two investors. The buyers are Investors House Oyj and a privately owned Finnish real estate investment company. Investors House Oyj is a real estate investment company listed on the NASDAQ OMX Helsinki Stock Exchange.

The Federation of municipalities council of Pohjois-Pohjanmaan Sairaanhoitopiiri (PPSHP) has decided to sell the entire share capital of Oulun Medikiinteistöt Oy to Lapti Group and the Sairaalanrinne land area in Oulu. Catella acted as PPSHP’s advisor in the sales process.

The City of Helsinki has sold an office property located in the Helsinki CBD in Kamppi at the address Kansakoulukatu 3. The buyer of the property is CapMan Nordic Real Estate II fund managed by CapMan Real Estate.

Union Investment has sold a logistic center in the Aviapolis submarket area. The buyer is VVT Kiinteistösijoitus Oy.

Union Investment has sold Plaza Pilke and Plaza Hehku office properties in the Aviapolis area in Vantaa. The buyer of the properties is a fund managed by Tristan Capital Partners.

Investment market still very active The transaction volume in the first half of 2018 totalled EUR 3.9 billion. In 2017 a record-high transaction volume was achieved totalling ten billion euros, which was driven by two major deals comprising almost half of the investment volume. In 2018 the market has been even more active than in 2017 when comparing the number of transactions finalised. In addition, Finland continues to interest international investors also in 2018 and the foreign investors’ share of the total volume.

Jussi Rouhento has been appointed Managing Director at Catella Asset Management Finland. He will start his position on January 2, 2019 and will replace Eero Syväniemi who retires in February 2019.

Catella advised Kalevala Jewelry in the sale of their office and industrial property in Pitäjänmäki, in address Strömbergintie 4, Helsinki. The buyer is SRV construction company. Catella assisted Kalevala Jewelry in the search of a new location and in the letting negotiations. The construction works of the new premises were completed in June 2018 and they are located in the address of Hankasuontie 11 A in Konala.

Union Investment has sold Skanska headquarters property located in the Ruskeasuo area in Helsinki. The buyer is Corum Asset Management.

Catella acted as an advisor to Avara, when it sold 21 residential properties located in 11 municipalities. The properties consist of 465 apartments in total. The buyer is a Nordic real estate investment company NREP.

Catella acted as an advisor to FinCap, when it sold one residential and one assisted living property located in Turku and Tampere. The properties were divested from funds managed by FinCap to Nordea Life Assurance Finland Ltd.

Catella acted as advisor to Barings Real Estate when it sold two shopping centres in the city centres of Lappeenranta and Rovaniemi. The properties were divested from a fund advised by Barings to Agore Kiinteistöt.

Catella acted as Renor Oy’s advisor when they sold the well-known PMK-building in the Tampere city center to Trevian Finland Properties I -fund managed by Trevian Funds AIFM Oy.

Catella acted as Citycon’s advisor when Citycon signed an agreement to sell a city centre retail property in Kuopio to Special Investment Fund Fennica Toimitilat I.

Finland’s real estate investment market remained exceptionally active until the end of 2017. As a result, a record-high transaction volume was achieved for the second year in a row. This time, the new record came to around EUR 10 billion, which was driven by a few major deals and strong demand by international investors.