AVIA Real Estate Oy, a property investment and development company operating in the airport area, has sold an airside logistics and last mile asset at Turku Airport to a fund managed by CapMan.
News release
20 June 2022
JLL Capital Markets advised AVIA Real Estate Oy on the sale of an airside logistics asset to CapMan’s Fund
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© 2022, Anders Portman / Kuvatoimisto Kuvio Oy
The property is unique due to its location at Turku Airport. It is situated directly adjacent to the airport’s runway. It serves both air and ground freight and is significant part of the Finnish and Nordic logistics network.
“We have clear strategy to focus on developing the Avia City as an urban airport city and now was the right time to divest this asset. We are very pleased that the asset found a great new owner who understood the importance of the property to the whole logistics network of Finland as a hub of air-, maritime- and road transportation of cargo. The domesticity of the Buyer was also an important for AVIA Real Estate”, comments Ilkka Pitkänen, CEO of AVIA Real Estate Oy.
Jari Tirkkonen, Director, Capital Markets, JLL Finland: “We are pleased to have been able to successfully assist AVIA Real Estate in the sale of this asset. The strong market momentum for logistics assets enabled us to organize a structured sales process that achieved a highly satisfactory result for our client.”
JLL acted as AVIA Real Estate’s commercial advisor in the transaction. HPP Law Firm acted as the seller’s legal advisor in the transaction.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.