Real Estate & Construction / 23 Dec 2020

Borenius advised Fennia on the sale of a property portfolio

We advised Fennia on the sale of a property portfolio comprised of three warehouse, commercial and light industrial properties to Elite Finland Value Added Fund II Ky. The properties are located in Helsinki and Jyväskylä, and the total area of the properties is approximately 8,600 sqm.

Fennia is one of the leading Finnish insurance companies. It offers an array of non-life and life insurance services. Fennia Group is also a significant institutional real estate investor in all asset classes.

Elite Finland Value Added Fund II Ky is a real estate development fund that was established in 2018. It invests in real estate that offers rental cash flow and considerable development potential in domestic growth centres.

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