10 September 2025, Finland | Corporate Finance, Investment Management | News
Transaction volume during the first seven months of 2025 totaled approximately EUR 2.5 billion, 75% higher than a year earlier. The increase was not solely driven by large individual deals, as the number of transactions also grew by 40% compared to the previous year. Despite the recovery in the market, the transaction volume still remained around 20% below the five-year average.
The largest shift was seen in the retail property sector, where transaction volume reached EUR 620 million – triple the amount recorded the year before. The growth was particularly boosted by major transactions involving Mercada, Shopping Centre Mylly, and Shopping Centre Skanssi, which together accounted for roughly two-thirds of the retail volume. The second most active sector was residential, where volumes were lifted by Apollo’s and Sato’s July acquisitions of residential portfolios comprising 1,944 and 1,000 apartments, respectively.
Public Property Invest (PPI) and Nordisk Renting were significant buyers in the social infrastructure sector, completing acquisitions worth a total of around EUR 250 million. As a result, the transaction volume in the sector climbed to slightly above EUR 500 million. Office transaction volume, in turn, recovered to around EUR 220 million after a record weak year, supported by the acquisitions of Avia Real Estate and the upcoming headquarters of Relex Solutions.
Foreign investors remained active, accounting for 53% of total volume. In addition to Apollo, PPI, and Nordisk Renting, Swiss Life also made major acquisitions. Among domestic investors, VVT Kiinteistösijoitus, Sato, and UB Asuntorahasto were active players.
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