Nordika, the Stockholm based real estate investment group, has acquired the former head office of Nokia Siemens Networks containing 36,000 sqm high quality office space in HMA, Finland.

The property became 95% vacant in August this year and the sales process has been handled by the former owner’s senior lender who had repossessed the property.

Trevian has assisted Nordika in the transaction and will continue managing the Asset as Nordikas local partner.

“We are delighted of the new cooperation with Nordika, for whom this was their first investment in Helsinki Metropolitan Area”, says Reima Södervall, Managing Director of Trevian.

Gabriel Cronstedt, the CIO of Nordika comments the transaction ”We are excited to have acquired a high quality asset in a strong micro location in Helsinki, Finland and are looking forward to the cooperation with Trevian in this very interesting project”.

Advisors to the vendor were Advium and Krogerus. Nordika worked with Roschier as their legal advisor.

Additional information:

Reima Södervall, Managing Director, tel. +358 50 3627400, email: reima.sodervall@trevian.fi
Lorenz Merk, Investment Manager, tel. +358 40 8209496, email: lorenz.merk@trevian.fi
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Nordika is an investment and asset management company focusing on real estate and real estate related opportunities in Denmark, Finland and Sweden. Nordika was founded in 2011 and is owned by several Nordic pension funds and the management team.  Nordika offers its shareholders direct real asset exposure with a strong focus on delivering attractive risk adjusted returns on invested equity. The team has closed investments with over SEK 30 billion in transaction value.

Trevian Asset Management Oy is a Finnish investment and asset management company specializing in commercial properties. The company was established in 2012 and is owned by its key personnel. The company produces actively managed real estate equity funds and asset management services optimized for its customers. The services are focused especially for institutional real estate investors, banks and other professional investors. Trevian’s assets under management exceed 800 M€.