Mrec acted as an advisor in the divestment of Hotel Haikon Kartano’s properties and hotel business


Mrec acted as an advisor in the sale of Hotel Haikon Kartano’s properties and hotel business. Hotel Haikon Kartano and Spa comprises ca 14,000 sqm premises, 150,000 sqm land and 60,000 sqm water areas. Hotel has had a stabilized turnover of ca 13M€. After the transaction Hotel Haikon Kartano & Spa will be part of the Lapland Hotels.

Mrec advised Hartela and Ilmarinen in selling a retail property in Helsinki to Evli


Ilmarinen Mutual Pension Insurance Company and Hartela Etelä-Suomi Oy have sold a local necessity-driven retail centre Ristikko located in Konala, Helsinki, to Evli Rental Yield Fund. Lettable area of the property is 13,700 sqm and the property is almost fully leased.

Stendörren makes their first deal in Finland and acquires three industrial properties in the Helsinki region


Stendörren Fastigheter AB acquires three industrial properties in the Helsinki region from Julius Tallberg-Kiinteistöt Oyj. This marks Stendörren’s first acquisition in Finland. – We have followed the market for some time and see that there are attractive opportunities that can contribute with good returns and value growth, says CEO Erik Ranje. Mrec acted as Stendörren’s advisor in the transaction. Read more:

KanAm Grund Group acquires Fabianinkatu 9 in Helsinki


KanAm Grund Group acquired prime office property Fab9 in Helsinki CBD, the most sought-after office location in Finland. The property has been fully refurbished and leased to long-term tenants such as Krogerus, a leading law firm, which occupies ca 70 percent of the building. Mrec acted as the sole commercial advisor to KanAm in the transaction. Link to press release:

Divestment of retail development projects


SSA Rakennus Oy sold a retail property in Leppävirta leased to Tokmanni to Serena Properties AB, managed by Redito AB. Mrec acted as the advisor for the seller SSA Group, a Finnish real estate developer. Read more:

Oslo Capital Partners (OCP) divested its EUR 140 million social infrastructure portfolio


Mrec and Pangea Property Partners acted as financial advisors for the Norwegian investment manager OCP in the sale of its social infrastructure portfolio valued at approximately NOK 1.4 billion to Kinland AS, a Whitehelm Capital portfolio company. The portfolio is a diverse collection of social infrastructure assets including preschools, elderly care properties, mental health care properties, and one hospital. 21 care properties and the hospital are located in Finland, while seven daycare properties and one public office property are located…Read more

Divestment of long-lease site portfolio


The Student Union of the University of Helsinki owned real estate company YLVA, sold a long-lease site portfolio to an international investor for EUR 22.4 million. Mrec acted as the advisor to the seller.

Aberdeen Standard divests the local retail centre Lauttis


Mrec advised Aberdeen Standard Investment on the sale of the Lauttis shopping centre to Veritas Pension Insurance. The approximately 6,000 sqm local centre is located in Lauttasaari, Helsinki on top of a metro station. Read more:

Divestment of care portfolio of 10 assets


Ilmarinen, Finland’s largest private earnings-related pension insurance company, sold a portfolio of ten healthcare properties for EUR 82 million to Hoivatilat, which is part of the Aedifica Group. The portfolio contains 542 units and a diversified pool of six local and national operators and other tenants. After a lengthy period of advising Hemfosa exclusively on the buy side, Mrec acted as Ilmarinen’s advisor in the transaction. Link to press release:

Acquisition of warehouse property near Helsinki-Vantaa airport


Elite Alfred Berg Vuokratuotto acquired a 5,600 sqm property at Kiitoradantie 1, Vantaa from Tiiviste-Group Oy, which is part of the Etola Group. Mrec acted as Elite’s commercial advisor in the transaction. Read more:

Working together despite the Covid-19 pandemic


The health and safety of our employees and customers remains our top priority as we respond to virus outbreak by working remotely. Our team is fully operational and available to handle our customers’ matters seamlessly. We remain reachable by phone, email and Teams-meetings. Let us help you to overcome the impacts of this pandemic to the business. We look forward to keeping in touch remotely as long as the situation so requires. We trust, we’ll see you soon as well!…Read more

KanAm Grund Group acquires Fredriksberg B and C buildings


KanAm Grund Group acquires Fredriksberg B and C office projects in the distinctive Konepaja district of Helsinki from NCC for approximately EUR 65 million. Mrec acted as the advisor to KanAm in the transaction. Link to press release

Hemfosa acquired a care portfolio of 11 assets


Hemfosa has acquired a portfolio of 11 care properties in Finland from CapMan. The acquisition means Hemfosa’s community service properties offering in Finland is now complete, entirely in line with the company’s strategic initiative in the Finnish market. The assets have a total lettable area of ca 20,900 sqm and are located in growing municipalities in Finland, including Helsinki, Turku, Tampere and Oulu. Mrec Oy acted as Hemfosa’s commercial advisor in the transaction. Link to press release

Hartela sells new Red Cross HQ to Balder


Hartela has sold the Finnish Red Cross Blood Service new HQ to Fastighets Ab Balder, the largest listed real estate investment company in the Nordic countries. Hartela will build the new property for the Blood Service in Vehkala, Vantaa, right next to Vehkala train station. Construction work will begin in summer 2020 and is expected to be completed in summer 2022. Mrec acted as sell-side advisor in the transaction. Link

Hemfosa acquires two community service properties


Hemfosa has acquired two properties located in Tampere and in Oulu for an underlying property value of approximately EUR 57 million. Community services tenants represent 90 percent of the rental value and include public broadcasting company Ylesradio, Oulu University Hospital, Tampere University of Applied Sciences and the City of Tampere. Both properties are well situated with good transport connections. The property located in Oulu also includes a development right for premises to accommodate healthcare operations and offices. The total lettable area is…Read more

Hemfosa acquired an office portfolio of five assets in Espoo and Helsinki


Hemfosa has acquired an office portfolio consisting of four assets in Espoo and one in Helsinki. The total lettable area amounts to ca 21,100 sqm, and the City of Espoo and the City of Helsinki account for ca 82% of rental value. The purchase price of the portfolio was ca EUR 44.3 million. The transaction helps Hemfosa to strengthen its presence in the Helsinki area, which is in line with the company’s strategic focus on the Finnish market. Mrec Oy acted…Read more

Hemfosa has acquired Omnia school property in Tapiola


Hemfosa has acquired a school property located in Tapiola, Espoo. The property comprises a total lettable area of ca 7,100 sqm and is fully leased with a long lease term to municipal education provider Omnia. The acquisition will help to strengthen Hemfosa’s position in the Finnish market for community service properties and as a landlord for Finnish municipalities. The purchase price of the asset was EUR 23.1 million. Mrec Oy acted as Hemfosa’s commercial advisor in the transaction. Link to…Read more

Elite Alfred Berg real estate fund has sold EUR 44.5 million retail portfolio to Trophi Fastighets AB


The portfolio constitute of 16 retail properties in southern and mid Finland. Fully let 35,500 sqm with the market leading grocery retailer Kesko and S-Group as well as market leading discount retailer Tokmanni. The portfolio exhibits a WALT exceeding 8 years and a rental revenue approaching EUR 4 million. Mrec Oy acted as the seller’s advisor in the transaction. Link to press release

Union Investment acquires the Urban Environment House in Kalasatama


Union Investment has agreed to acquire the planned Urban Environment House office property in Helsinki via a forward purchase agreement. The property consists of 27,500 sqm of rental space and is being constructed in the Kalasatama submarket, a key inner-city development area of Helsinki. The vendor and future tenant of the property is the City of Helsinki, which has signed a 20-year fixed lease for the entire building. The purchase price of the asset is EUR 165 million, marking Union…Read more

Aberdeen Standard Investments sells an office property in Vallila


Aberdeen Standard Investments has sold an office property at Elimäenkatu 17–19 to Antilooppi for EUR 15.15 million. The area of the property is approximately 10,000 m² and it has nearly 300 parking spaces. Mrec was sell-side adviser to Aberdeen in the transaction.

Mrec and Pangea adviser to Oslo Pensjonsforsikring in the sale of Plantagen portfolio


At end of April, it was announced that Oslo Pensjonsforsikring sells three retail properties in Finland to Ragde Eiendom. The properties are located in Espoo, Porvoo and Vaasa with a total area of about 13,500 sqm. The properties are fully let to Plantagen with an average lease term of about 17 years. Mrec and Pangea Property Partners was sell-side adviser to Oslo Pensjonsforsikring in the transaction.

Aberdeen divests office campus in Jyväskylä to Kielo


The real estate company Kielo, managed by Brunswick Real Estate, has acquired a 17,000 sqm office property in the Finnish city of Jyväskylä. The recently established real estate company Kielo has completed its third transaction, acquiring the office property Mattilanniemi 6-8 in Jyväskylä from Aberdeen Standard Investment. Mattilanniemi 6-8 is located in central Jyväskylä and comprise approximately 17,000 square meters of office premises. The acquisition is Kielo’s second investment in Jyväskylä and the third acquisition since the company was established…Read more

Etera divests Tilkka hospital to eQ Care


Etera Mutual Pension Insurance Company has divested the Tilkka hospital property to eQ Care Special Investment Fund Tilkka has significant cultural historical value nationally. Originally Tilkka operated as the central military hospital of the Finnish Defence Forces and was fully refurbished during 2007-2009. Today Tilkka is let to several healthcare operators and serves as the headquarters of Esperi Care Oy. Total lettable area is ca. 10,000 sqm. Mrec Oy and Hannes Snellman Attorneys acted as advisors to Etera. Roschier acted…Read more

Supercell to acquire Wood City office property from SRV


Supercell to acquire Wood City office property and considerable part of parking facilities from SRV – construction work scheduled to begin next spring Supercell and SRV signed a conditional agreement for the purchase of the Wood City office building and parking facility in Jätkäsaari, Helsinki. The final contracts are required before the transaction can be completed, and it is expected that they will be signed in the first quarter of 2018. Construction work can begin earliest in spring 2018. Mrec…Read more

Sales process and construction financing of HSY and Hartela headquarters in Helsinki


Mrec advised Finnish construction company Hartela in the divestment of Ilmalan Asema construction project, a prime headquarter office property in a developing area of Ilmala, Helsinki. Ilmalan Asema was sold for approximately EUR 50 million as a forward purchase project to a German core investor HANSAINVEST. Mrec also advised Hartela finding a factoring solution, selling forward purchase receivables to a third-party financier.

Establishment of Antilooppi – a new real estate investment platform investing in Helsinki offices


Mrec acted as an exclusive advisor to Ilmarinen Mutual Pension Insurance Company in the sale and JV structuring of EUR 400 million office portfolio in Helsinki. The portfolio was acquired by a new JV structure Antilooppi, established by Ilmarinen and the Swedish pension company AMF. Following the transaction Mrec was responsible for the interim management of Antilooppi as an operating partner together with Swedish Cavendo AB. During the interim management period, Antilooppi made new acquisitions worth EUR 250 million, signed…Read more

Trevian divests a portfolio of care properties worth EUR 100 million


The fund management company Trevian sold an entire limited partnership property fund holding a total of 15 care assets to a Swedish investor Hemsö Fastighets AB. The total transaction volume was approximately EUR 100 million. Lettable area of the portfolio is approximately 40.000 sqm and properties are let to local municipalities and care operators with long term lease agreements. Mrec Oy represented the seller in the transaction.

Hemfosa continued to establish its presence in Finland


Hemfosa continued to establish its presence in Finland by acquiring a community service property from Turku Technology Properties Ltd at an underlying property value of about ca. EUR 16 million. The transaction in Turku comprises a property located in the center of the city comprising a total lettable area of 6,863 sqm. The property is fully leased with Turku Municipality as a tenant. The lease extends for ca 17 years and the annual rental income is approximately EUR 1.2 million.…Read more

Antilooppi acquires a landmark office property in Helsinki


Antilooppi acquires a landmark office property in Helsinki from CBRE Global Investors for approx. EUR 100 million The 27,700 sq m building is built in 1920 and it is located in the Western Inner City of Helsinki in Punavuori. The property features a whole city block and it is one of the most architecturally striking industrial buildings in Helsinki with its brick façade and high ceilings. The building is let to several tenants and the majority of the tenants are…Read more

Hemfosa Fastigheter acquires community service property and small industrial property in Finland for approximately MSEK 420


Hemfosa has signed an agreement to acquire, and has taken possession of, two properties in Espoo, Finland. The police authority and the office of the public prosecutor are the largest tenants. This acquisition, with a corresponding value of about SEK 420, will strengthen Hemfosa’s position in Finland, where its property portfolio is now worth approximately SEK 1.5 billion. The sellers are LocalTapiola Mutual Life Insurance Company and Elo Mutual Pension Insurance Company. The larger of the two properties is strategically…Read more

Hartela and Hansainvest have signed a deal on Ilmala office project


The main users of Koy Ilmalan Asema are HSY and Hartela Hartela has agreed on the sale of Koy Ilmalan Asema to a fund of HANSAINVEST Hanseatische Investment-GmbH. The property is under construction and will be completed by the end of 2017. The lettable area of the property is approximately 11600 sqm and the sales price approximately EUR 50 million. The main tenants of the Hartela developed property will be municipal Helsinki Region Environmental Services Authority for waste management and…Read more

Antilooppi continues to grow in the Helsinki Metropolitan Area by acquiring landmark properties in the Hakaniemi area


Antilooppi has as of today purchased three landmark properties at the Hakaniemi square in Helsinki with a purchase price exceeding EUR 30 million. The properties are located at the following adresses: Siltasaarenkatu 6, Siltasaarenkatu 8–10 and Paasivuorenkatu 4–6. After the acquisition Antilooppi is the sole owner of Siltasaarenkatu 6 and the majority shareholder in the Siltasaarenkatu 8–10 and Paasivuorenkatu 4–6 properties. The acquired properties include among others former Sokos department store as well as the Service Union United PAM headquarters.…Read more

Hemfosa Fastigheter acquires a further three community service properties in Finland at a value of approximately MSEK 500


Hemfosa is taking further steps toward becoming a broader Nordic player in community service properties with the acquisition of a further three community service properties in Finland. Hemfosa currently focuses on Sweden and has a growing property portfolio in Norway, where the first acquisitions took place at the start of 2016. Hemfosa has reached an agreement concerning the acquisition of three community service properties in the south of Finland at an underlying property value of approximately MSEK 500. Two of the properties are situated in…Read more

Pangea Property Partners and Mrec establish strategic cooperation


Pangea Property Partners, with offices in Stockholm, Oslo and London, and Helsinki-based Mrec today announced that the two companies have entered into cooperation on a project basis in order to take advantage of the increase in cross-border property transactions in the Nordic region. The cooperation is mutually beneficial, strengthening Pangea Property Partners in Finland and giving Mrec a broader Nordic and international reach. It will commence immediately and builds on an existing research cooperation. “We now have the benefit of…Read more

Hemfosa Fastigheter enters Finnish market – acquires two community service properties at a value of approximately MSEK 500


Hemfosa is taking an important step toward becoming a broader Nordic player in community service properties with the acquisition of two such properties in Helsinki. Hemfosa currently focuses on Sweden and has a growing property portfolio in Norway, where the first acquisitions took place at the start of the year. Hemfosa has acquired the site leaseholds to two community service properties in the Helsinki area at an underlying property value corresponding to approximately MSEK 500. The seller is NV Property…Read more

Antilooppi continues agile growth in the Helsinki Metropolitan Area by acquiring a landmark office building from Auratum


The newly established real estate company Antilooppi continues rapid growth by acquiring Hämeentie 19 near Sörnäinen metro station from a fund managed by Auratum Kiinsteistöt Oy. The acquired property comprises of three attached buildings with a lettable area of approximately 22.500 sqm. Hämeentie 19 was originally constructed in several phases since 1933 and it has been extensively renovated in recent years. The property currently houses several tenants including Restel Oy, Seure Henkilöstöpalvelut Oy as well as City of Helsinki department…Read more

Mrec advises Ilmarinen in a HMA office transaction exceeding EUR 400 million


Ilmarinen is reorganising its real estate portfolio by selling several office properties to a new joint venture. The joint venture consists of Ilmarinen and the Swedish pension company AMF, both of which have a 50 per cent share. Fifteen properties located in the Helsinki region will transfer to the new joint venture. The key properties being transferred are Ympyrätalo in Hakaniemi, Helsinki, Tietotie 11 in Vantaa (including Finnair’s head offices), Karaportti 1-3 in Espoo (Nokia’s head offices) and a property…Read more