Special investment fund Trevian Finland Properties I has on 26 August 2019 acquired MREC Kuopion Kauppapaikka Herman II in the Levänen district, 5 km south of Kuopio city centre from YIT Finland Ltd. The property is located by main road 9, in an area with several commercial operators requiring plenty of floor space.
The property was built in 2012 and has 12,689 m2 of modern leasable area. There are 25 tenants, with Hong Kong (supermarket), Mekonomen (the largest automotive spare-part chain in the Nordic region) and Stadium Outlet (sporting goods) as anchor tenants. The occupancy rate of the acquisition is 97%. In addition, the acquired property has a significant amount of unused land and building rights.
“The Kuopio region enjoys the 6th highest population growth in Finland, which concentrates in the city of Kuopio. It is thus self-evident that our fund wants to have a presence in Kuopio, and we are glad to have made our first acquisition in the city”, Director Risto Aro comments on the fund’s latest purchase.
The seller’s financial advisor in the transaction was Aveon Advisors Oy.
Partner, Director of Real Estate Investments
Trevian Funds AIFM Ltd
tel. +358 50 420 3950
Trevian Funds AIFM was established in 2017 and it has a license under the AIFM Directive. The company is based on Finland’s strongest property portfolio management expertise. Non-UCITS Trevian Finland Properties I is its first fund to invest in strong cash flow and development potential.