Kielo acquires fully let properties in Turku CBD

Helsinki, 3 September 2018
The real estate company Kielo has completed the acquisition of two fully let CBD office properties in the Finnish city of Turku.

Kielo has acquired two office properties from Turun Teknologiakiinteistöt, a locally based investor, with the City of Turku as one of the main owners. In line with the latest Kielo transaction, the acquisition marks the company’s entrance to a new investment market, the city of Turku. The assets are situated in CBD within one block of the city main square and the main pedestrian street. The buildings have a combined lettable area of 10,100 sqm assets and are fully let to the City of Turku.

Hanna Rauhala, Fund Manager at Brunswick Real Estate says:
“The Turku market is dominated by local investors and due to our strong sourcing platform we have managed to acquire two central assets in a new target city. Turku is not only one of Finland’s largest cities, it is also home to the country’s second largest university. We will continue our souring efforts in the Kielo’s target cities to find other interesting opportunities going forward.”

Kielo’s investment strategy is to focus on high-quality assets in growing Finnish regional cities. Kielo was established in October 2017. The aim is to create an attractive real estate portfolio that provides high and stable returns with significant growth potential through active local asset management.

For more information please contact:

Hanna Rauhala, Finnish speaking
Brunswick Real Estate, Equity Investment Management
Phone: +358 40 029 7312  e: hanna.rauhala@brunswickrealestate.com

Alexander Wörlund, Finnish speaking
Brunswick Real Estate, Equity Investment Management
Phone: +358 44 510 4146 e: alexander.worlund@brunswickrealestate.com

Erik Widmark
Brunswick Real Estate, Equity Investment Management
Phone: +46 70-586 75 06 e: erik.widmark@brunswickrealestate.com

Brunswick Real Estate is a market leading investor and lender in the Nordics, with services including real estate investments and credit financing.

Equity investment management includes a wide range of structures in commercial real estate, such as real estate funds, separate investment mandates for large institutions and international managers as well as the development of rental housing. Debt investment management is focused on secured financing of commercial real estate in the Nordic region.

Our team in total includes 50 employees in Stockholm, Helsinki and London as well as senior advisers with broad international expertise. www.brunswickrealestate.com

 

 

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