Nyfosa aqcuires properties in Finland at a value of MSEK 209

Nyfosa has acquired five properties in the Finnish regional cities of Oulu and Tampere. The acquisitions, which mark Nyfosa’s first in Finland, amount to a total value of MEUR 20.6, corresponding to approximately MSEK 209.

The properties have a total area of approximately 21 thousand square meters with an annual rental value of MEUR 2.3, corresponding to approximately MSEK 23. The five properties are located in the regional cities of Oulu and Tampere and consist mainly of light industry, professional retail and special use premises with a number of established companies as tenants. The average remaining contract period amounts to 6.3 years and the occupancy rate is 95 percent. The property management will be handled by Brunswick Real Estate, whose ownership in the acquisition is 10 percent. Closing took place on July 2, 2021.

“We are pleased to have started Nyfosa's journey in Finland with these deals, which contribute with strong cash flows and sustainable rental levels in growing regional cities. The establishment of Nyfosa as an opportunistic property company in the Finnish market continues and the pipeline of potential transactions going forward is robust,” comments Stina Lindh Hök, CEO, Nyfosa.