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Kielo acquires CBD office property in Lahti

Investments, News, Press releases

Helsinki, 29 August 2018

The real estate company Kielo, managed by Brunswick Real Estate, has completed the acquisition of a 6,100 sqm office property in the Finnish city of Lahti.

In July 2018 Kielo acquired the office property Vapaudenkatu 22 in Lahti, sold by a private investment company owned by Royal House Oy. This transaction is the company’s first acquisition in Lahti, a city situated 100 km north-east of Helsinki. The asset has an attractive location in Lahti CBD, within walking distance of the Lahti Market Square. The building was constructed in 1987 and has undergone a number of renovations, with the latest in 2017. The main tenant is The Housing Finance and Development Centre of Finland (ARA).

The Sellers financial advisor was Suomen Toimitila Oy.

Hanna Rauhala, Fund Manager at Brunswick Real Estate says:
“With the acquisition of Vapaudenkatu 22, Kielo enters the Lahti market – a strong Finnish growth centre and university city. Lahti is located within commuting distance of Helsinki and there are several interesting development projects around the city in the near future. As Kielo’s first CBD asset, the property benefits from a central location and interesting development opportunities in the long-term. We look forward to finding additional investments in Lahti.”

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:
Alexander Wörlund, Finnish speaking Brunswick Real Estate, Equity Investment Management
Phone: +358 44 510 4146 e:
Erik Widmark Brunswick Real Estate, Equity Investment Management
Phone: +46 70-586 75 06 e:


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.