JLL has acted as a commercial advisor to PNO Finland Oy in a sale-and-leaseback arrangement of a 148,394 sq m outdoor storage and workshop property in Sipoo.
News release
24 September 2024
JLL advised PNO Finland Oy in a sale of 148,400 sq m outdoor storage property in Sipoo
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The property is located in the Bastukärr logistics area, just 30 minutes away from Helsinki and contains 2,031 sq m of office and workshop space in addition to the vast outdoor storage areas. PNO Finland Oy continues as one of the long-term tenants in the property after the sale.
Olli Peltomäki, Director of JLL Capital Markets Finland: “We are extremely pleased to have been able to assist our client on facilitating this successful sale-and-leaseback process. This investment opportunity sparked delightful amount of interest among investors which underlines the robust demand towards the outdoor storage and light industrial segment. This project is further an ideal example of JLL’s capabilities to comprehensively advise our clients in sale-and-leaseback arrangements.”
JLL acted as vendor’s sole commercial advisor in the process. DLA Piper Attorneys Finland acted as vendor’s legal advisor in the process.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.