PATRIZIA invests EUR 145 million in Helsinki residential portfolio

PATRIZIA AG has acquired a portfolio of multifamily residential properties in Helsinki, Finland, from Taaleri, the Nordic investment and asset manager.

  • Acquisition of c. 25,000 sq m portfolio with 461 apartments
  • Portfolio comprises nine modern properties, all of which have been constructed or refurbished since 2015.
  • PATRIZIA demonstrates its commitment to the Finnish market with this latest acquisition

Augsburg/Helsinki, 8 July 2021. PATRIZIA AG, a leading partner for global real assets, has acquired a portfolio of multifamily residential properties in Helsinki, Finland, from Taaleri, the Nordic investment and asset manager, for c. EUR 145 million, on behalf of its institutional clients.

The high quality, income producing portfolio comprises 461 apartments across nine properties, with a total lettable area of c. 25,000 sq m. Eight of the properties were constructed between 2014 and 2017, while the other asset was built in 1969 and was fully renovated in 2015.

The entire portfolio is located within the Greater Helsinki region and all properties benefit from excellent public transport links that provide access to the city centre.

Jörg Laue, Head of Transactions Nordics at PATRIZIA, commented: “PATRIZIA has significant experience and a long track record in the residential sector. This acquisition presented us with an exciting opportunity to invest in a modern, high quality portfolio of modern multifamily properties that are income producing from day one. The properties all benefit from strong transport links, providing quick access to the capital’s centre and its amenities.”

Johan Öhlund Lagerdahl, Country Head Finland at PATRIZIA, added: “This latest deal continues our impressive momentum in the Nordics and follows our recent acquisition of an asset in Västerås, Sweden. By adding these nine assets to our current portfolio in Finland it shows that we are committed to the Finnish market and we continue to look for further investment opportunities in Helsinki and throughout the region, with a focus on the residential and office sectors.”

PATRIZIA recently acquired a 162-unit multifamily property in Västerås, Sweden, for c. EUR 42 million from Bonava.

PATRIZIA was advised by Nordanö, Krogerus, 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 €47 billion in assets and employs over 800 professionals at 24 locations worldwide. Through its PATRIZIA Foundation, the company is committed to social responsibility. The Foundation has helped over 230,000 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