PRESS RELEASE 09.07.2018
AVANT CAPITAL PARTNERS, TRISTAN FUND AND VARMA SELL A FINNISH OFFICE PORTFOLIO TO NORDIC FUND MANAGER
Avant Capital Partners (Avant), together with European Property Investors Special Opportunities 4 (EPISO 4), an opportunity Fund advised by pan-European real estate investment manager Tristan Capital Partners, and Varma Mutual Pension Insurance Company, as co-investor in the deal, have disposed a portfolio of eight office assets to Areim Fund III.
The portfolio comprises of 66.500sqm of lettable space located mainly in the wider Helsinki Metropolitan Area. Avant and Tristan acquired the assets as part of a larger 12- asset portfolio in December 2016. Three assets were sold in 2017 and an additional property in March 2018.
“The Areim transaction marks the successful disposition of the entire portfolio, following a programme of active asset management. Together with our partner Avant Capital Partners we secured lettings of 23.500 sqm, improving the overall institutional quality of the properties to meet the dynamics of the strengthening Finnish office market”, commented Jean-Philippe Blangy, Managing Director, Head of Asset Management at Tristan Capital Partners.
Krogerus Attorneys and PWC advised the sellers on the sale.
Jussi Thusberg, tel. +358 400 778097, email: firstname.lastname@example.org
Lorenz Merk, tel. +358 40 820 9496, email: email@example.com
Juha Mattila, tel. +358 40 560 5194, email: firstname.lastname@example.org
Teemu Saxen, tel. +358 40 865 4540, email: email@example.com