News and Press Releases

Catella has acted as City of Jyväskylä’s exclusive financial advisor in the sale of three educational properties and three fire station properties. The purchase price is 141 million euros. The transaction is subject to approval of Jyväskylä City Council. The buyer is eQ Community Properties Fund.

The main index of the Catella CREDI survey reached it’s highest value since Q2 2015 indicating an improving real estate debt market.

Leading firms in the real estate sector have yet again voted Catella’s market research as the best in Finland.

Activity in the real estate investment market picked up during the summer Finnish transaction volume reached 3.8 billion euros by the end of July. During the first half of 2021, the total transaction volume in Finland amounted to approximately 2.3 billion euros which was the lowest volume recorded since 2014. After a relatively quiet first six months, the transaction activity picked up during the summer and the transaction volume of July was almost 1.5 billion euros. The most interesting real estate segments by transaction volume were residential properties and office properties.

Robert Karlsson has been appointed Director, Investment Management at Catella Asset Management Finland. He started in his position on the 1st of September 2021.

Catella acted as an advisor to the investors represented by Cobbleyard Real Estate and Revcap in the sale of a major office property in Sörnäinen, Helsinki. The property was acquired by NREP.

EKE-Construction Ltd sold a new office property in Espoo, which was constructed by them and completed in the spring 2021. The buyer is a fund managed by Quadoro Investment GmbH. Catella acted as EKE-Construction Ltd’s exclusive financial advisor in the sales process.

Catella has appointed M.Sc. (Econ.) Petteri Kokko as Head of Transactions to further strengthen its real estate M&A and advisory services in Finland.

Catella acted as SRV’s exclusive financial advisor in the divestment of an office property to be constructed in the Vantaankoski area in Vantaa. The property will be part of the Pressi Smart Premises office complex. The buyer is Julius Tallberg-Kiinteistöt.

Catella has appointed M.Sc. (Econ) Jenni Ervasti to its Helsinki Corporate Finance unit to strengthen Catella’s real estate advisory services in Finland.

Catella acted as Helsinki University Properties Ltd’s exclusive financial advisor in the divestment of a university occupied property located in the Kruunuhaka district of Helsinki city centre. The investment volume is approximately EUR 16 million and the buyer is Hemsö.

Catella acted as an advisor to the Paulo Foundation in the sale of two care properties in the City of Espoo and in the City of Vantaa. The properties consist in total 41 client places. The buyers are a group of private investors.

A group of private investors sold a fully refurbished office property in the Helsinki centre. The buyer is a fund managed by Real I.S. AG. The acquisition is Real I.S. AG’s first investment in Finland.

Catella acted as Varma Mutual Pension Insurance Company’s advisor in the sale of an office property located in Herttoniemi, Helsinki. The well-known property was originally constructed as the headquarters of the Rautaruukki corporation and it has a gross area of over 10,000 square metres. The buyer is a group of private investors.

Catella’s mandate comprises leasing management and advisory services for the landmark property Kirjatalo in Helsinki CBD anchored by the Academic Bookstore.

Catella acted as an advisor in the sale of a light industrial portfolio including five properties located in Helsinki, Espoo, Tampere and Oulu. The buyer is Elite Alfred Berg’s real estate fund Elite Finland Value Added Fund II Ky.

Active property transaction year despite the pandemicThe transaction volume of the property market was EUR 5.7 billion in 2020. The transaction volume decreased slightly from 2019, which can be at least partially explained by corona crisis and resulting travel and other restrictions, that hampered transactions. Despite the exceptional conditions, foreign investors interest towards Finnish property market remained strong. In 2020, Finland gained property investments worth EUR 3.0 billion by foreign investors, which was circa 53% of all investments.

Catella acted as Metsäliitto Cooperative’s and Farmers’ Social Insurance Institution Mela’s advisor in the sale of their headquarters in Espoo, Tapiola to NREP.

Catella acted as FinCap Kiinteistökehitys Oy’s financial advisor in the sale of an elderly care property under construction in Nikinmäki, Vantaa. The property has been fully leased to Esperi Care Oy with a long lease agreement. The buyer is an international real estate investor Cofinimmo with its investment manager Mirabel Partners Oy. Cofinimmo is listed on Euronext Brussels (BEL20) and the transaction is the company’s second investment in Finland.

Catella acted as an advisor for Työväen Opintorahasto sr in the sale of a residential building and retail premises in Oulu. The residential building comprises in total 32 rental apartments with a total lettable area of 1,726 square metres. The total lettable area of the retail premises is approximately 584 square metres. The buyers are private investors.