PATRIZIA invests EUR 101 million in prime Helsinki housing

PATRIZIA AG is investing in a 240-unit prime residential tower in Helsinki, Finland.

  • T7 Tower comprises 240 modern apartments across 24 storeys
  • Asset is well located in central Helsinki with strong sustainability credentials

Augsburg / Helsinki, 22 December 2021. PATRIZIA AG, a leading partner for global real assets, is investing in a 240-unit prime residential tower in Helsinki, Finland, on behalf of its institutional clients. PATRIZIA acquired T7 Tower for EUR 101 million from SRV, a leading Finnish developer. 

T7 Tower is a 24-storey property, which will be completed end of 2023 and provides 10,112 sq m of high-quality residential space with magnificent views over the city to the Baltic Sea. The modern for rent apartments, which comprise a mix of one, two and three bedrooms, are seeing strong demand from potential tenants, especially families and young professionals. Amenities include a 386 sq m space for children’s daycare.

The property will be built with sustainability at the core of its design, with an A-Class energy certification and BREEAM ‘Very Good’ rating.

T7 Tower is well located in Helsinki’s Kalasatama neighbourhood, six minutes from the central business district. The area is undergoing significant development and benefits from excellent transport links via nearby metro and bus stations, as well as cycle routes, into the city centre.

Johan Öhlund Lagerdahl, Country Head Finland at PATRIZIA said: “This investment presented us with an exciting opportunity to purchase a modern residential asset with high quality apartments and strong sustainability credentials that benefits from excellent connectivity. The Finnish residential market is supported by strong fundamentals and this latest deal follows our acquisition of a portfolio of multifamily residential properties in Helsinki earlier this year for around EUR 145 million.”

Jörg Laue, Head of Transactions Nordics, commented: “PATRIZIA has a strong track record over many years in the residential sector and this deep-rooted expertise allows us to source investments across Europe, including in the Nordics, where our footprint has expanded significantly in recent years. And Finland remains a key target for PATRIZIA and we continue to look for additional investment opportunities as we build our exposure here further.”

PATRIZIA was advised by Nordanö, Hannes Snellman, EY and WSP.

 

PATRIZIA: A leading partner for global real assets

As a company with operations around the world, PATRIZIA has been offering investment opportunities in real estate and infrastructure assets for institutional, semi-professional and private investors for 37 years. PATRIZIA manages more than EUR 48 billion in assets and employs over 800 professionals at 24 locations worldwide. PATRIZIA has been impact investing since 1984. Since its inception and through the PATRIZIA Foundation, PATRIZIA is committed to social responsibility. The Foundation has helped over 250,000 children in need worldwide gain access to education and thus, has given them the chance of a better life over the last 21 years. You can find further information at www.patrizia.ag

Contact:
Barbara Popp
Corporate Communications
Phone: +49 821 50910 628
communications(at)patrizia.ag