News & References

2017

Genesta divests major office property to Areim

Aleksandra advised GNBRE Fund I, a Luxembourgian fund managed by Genesta, on its divestment of a major office property in Helsinki, Finland (Atomitie 5) to a Swedish fund managed by Areim. The property has a lettable area of over 26,000 square metres.

Sirius funds reach investments of EUR 800 million

Aleksandra has advised Sirius Fund II in multiple acquisitions of retail properties. With these acquisitions, the Sirius Fund II is now fully invested. Over the past few years, the Sirius Fund II has assembled, together with its predecessor fund Sirius Fund I, a daily-goods portfolio with a total value of approximately EUR 800 million. We have advised Sirius on approximately four-fifths of all such acquisitions.

Sirius completes acquisition of retail and office property from Tristan

Aleksandra advised Luxembourgian Sirius Fund II on its acquisition of a retail and office property located at Mannerheimintie 160, in Helsinki, Finland, from an affiliate of European Property Investors Special Opportunities 4 (EPISO 4), an opportunistic fund advised by pan-European real estate investment manager Tristan Capital Partners.

Sirius acquires retail property portfolio from Trevian

Aleksandra advised Luxembourgian Sirius Fund II on its acquisition of six retail properties from Trevian Retail Fund I and Trevian Retail II. The properties are located in the Helsinki metropolitan area, as well in other fast growing urban areas in Finland. The properties are currently leased to the retail stores of the S Group and Kesko Corporation, Finland’s two largest grocery trade companies.

Genesta acquires landmark office property from J.P. Morgan

Aleksandra advised GNRE Fund II, a Luxembourgian fund managed by Genesta, on its acquisition of the landmark office property Hämeentie 11 (Sörnäinen) located in Helsinki, Finland. The seller was a fund managed by J.P. Morgan Asset Management. The building was the previous headquarters of Helsingin Osuuskauppa Elanto.

2016

UB Nordic Property invests in traffic service station property

Aleksandra advised special investment fund UB Nordic Property on its investment in a traffic station development project by way of a forward funding transaction. The constructor of the development project is NCC, and the occupiers of the property are Neste Corporation and an affiliate of Kesko Corporation.

Exilion signs letter of intent for the Tripla hotel project

Aleksandra is representing Exilion in the Tripla hotel project. Exilion has signed a letter of intent with YIT Corporation on the execution of the hotel for the Tripla project in Helsinki, Finland. The hotel will be constructed by YIT Corporation and will have an area of approximately 17,800 square metres and approximately 430 rooms. The hotel will be one of Finland’s largest in terms of capacity. It is expected to be completed during the beginning of 2020.

Sirius acquires a grocery store

Aleksandra advised Luxembourgian Sirius Fund II on its acquisition of a grocery store from pension fund Verso. The property is let to an affiliate of Kesko Corporation.

Sirius acquires retail centre

Aleksandra advised Luxembourgian Sirius Fund II on its acquisition of a retail centre located in Iisalmi, Finland. The property is fully let to an affiliate of Kesko Corporation.

UB Nordic Property enters into its first investment in Finland

Aleksandra advised special investment fund UB Nordic Property on its acquisition of the Galleria shopping centre, located in Espoo, Finland. The Galleria’s anchor tenant is an affiliate of publicly listed Kesko Corporation.

The transaction was UB Nordic Property’s first investment in Finland. The fund commenced its investment activities in the spring of 2016 and has since made several investments in targets in Denmark, Finland, Norway and Sweden.