Evli's Elite Finland Value Added Fund II Ky sold a seven-property I&L portfolio to a Finnish company under Sweden's Fastighets Ab Balder.
News release
02 June 2025
Evli's Elite Finland Value Added Fund II Ky sold a portfolio of seven I&L properties to Balder.
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The leasable area of the properties is approximately 25,000 m2 and they are located in Oulu, Pirkanmaa region, Seinäjoki, and Kuopio.
Harri Palosaari, Fund Manager, Evli Fund Management Company: “This was our fund's third divestment since last autumn when we began actively exploring sales opportunities for properties in our closed-end fund. We have now sold all our commercial properties outside the capital region, except for one development property located in Turku. The sale was in line with the fund's objectives, and the project's return exceeds the fund's target return.”
Juha Lehtonen, CEO, Balder Finland: “Properties located in geographically excellent locations are a strategic addition to our portfolio. The assets offer an interesting tenant mix and contribute to strengthening Balder Finland's growing logistics and production property portfolio.”
Jari Tirkkonen, Director, Capital Markets, JLL Finland: “We are very pleased to have completed this transaction with Evli's fund. Investor demand for I&L properties has remained strong. It's nice to see that demand is also spreading outside the capital region where the occupancy rates of properties are at a good level. We want to thank and congratulate Evli and Balder for the smooth transaction.”
JLL acted as commercial advisor to Evli in the transaction. DLA Piper Finland Attorneys acted as legal advisor to Evli.
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