Newsec acted as vendor’s advisor for OP-Vuokratuotto in the sale of two residential properties located in the Helsinki Metropolitan Area

3.7.2023

Newsec advised OP-Vuokratuotto special investment fund in the sale of two modern residential properties. Castrén & Snellman acted as the vendor’s legal advisor. The properties in the transaction were acquired by NREP.

The Target of the sale comprises 190 apartments translating to approximately 10,600 sqm of leasable area in Perkkaa and Matinkylä, in Espoo. The locations enjoy convenient accessibility across the Helsinki Metropolitan Area by public transportation, further enhanced in Perkkaa by the completion of the Jokeri Light Rail in the Fall of 2023, and by car. Nearby shopping centres in Leppävaara and Matinkylä provide the residents with a comprehensive service selection within walking distance.

Antero Tenhunen, Portfolio Manager, OP-Vuokratuotto Special Investment Fund:

”Thanks to all parties for a smooth transaction. Special thanks to the seller`s professional advisors, it was a pleasure to work with you once again”.

Simo Vilhunen, Head of Capital Markets & Partner at Newsec:

“The Finnish residential market provides solid fundamentals, and we are glad to advise OP-Vuokratuotto in this transaction. Both properties perform well from the economic and ESG point of view, and it is good to see the ownership transfer from one responsible owner to another. It is also good to see momentum in the transaction market, as this transaction demonstrates. We expect the overall activity in the market to increase further going into the second half of the year. A big thank to all involved, especially the OP Financial Group, for the successful, continued cooperation.”

 

For more information, please contact:

Simo Vilhunen
Head of Capital Markets & Partner Newsec
+358 50 572 2338
Simo.Vilhunen@newsec.fi