PRESS RELEASE 15.08.2016

AVANT CAPITAL PARTNERS AND ALMA PROPERTY PARTNERS ACQUIRE A 30.000 SQM SHOPPING CENTER IN OULU, FINLAND

Avant Capital Partners, together with Alma Property Partners I AB, a fund managed by Alma Property Partners, have acquired a shopping center located in Ritaharju, Oulu, from Sukari Group. The asset is known as “Ideapark Oulu”. It has approx. 30.000 sqm gross area, and it has been let to multiple high-profile tenants like H&M, Lindex, Cubus, Dressmann and Stadium.

”We are pleased about being able to source this asset outside a structured sales process in such a competitive market together with a high-profile investor partner like Alma. We have already been able to identify certain asset management initiatives in the shopping center in order to further increase its attractiveness”, comments Juha Mattila, Partner at Avant.

“We are excited to enter the Finnish market alongside a trusted partner like Avant. We believe the Ideapark Oulu shopping center has an attractive retail location and we will look for ways to add value to the property’s overall offering,” says Simon de Château, Partner & CIO of Alma Property Partners.

More information:
Juha Mattila, partner, Avant Capital Partners, +358 40 560 5194, juha.mattila@avantcap.fi


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