German asset manager Patrizia has paid €145 million for a portfolio of multifamily residential properties in the Helsinki region, Finland.
The acquisition from Nordic investment and asset managerTaaleri has been made on behalf institutional clients.
The portfolio comprises nine assets with 461 apartments and a total lettable area of 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 in Greater Helsinki. Patrizia was advised by Nordanö, Krogerus, EY and WSP.
“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,” said Johan Öhlund Lagerdahl, country head Finland at Patrizia.
Patrizia also recently acquired a 162-unit multifamily property in Västerås, Sweden from Bonava for about €42 million.