TS-Yhtymä Oy has sold a data centre and light industrial property located in the Martinlaakso district of Vantaa to Hyperco for approximately EUR 35 million. The transaction is the first purchase for Hyperco, the new Finnish data centre investment and development company backed by Nordic institutional investors Varma and NREP.
News release
16 June 2022
JLL Capital Markets advises TS-Yhtymä Oy in the sale of a data centre property in the Helsinki Metropolitan Area
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© 2022, Anders Portman / Kuvatoimisto Kuvio Oy
The Myllynkivenkuja 4 property was completed in 1987 as a newspaper printing site, and today is fully let to the international data centre company Equinix and the high-tech security company Thales. It comprises approximately 16,900 sq m of gross lettable area and 6,500 sq m of unused building right, and due to its location benefitting from excellent connectivity and superb power supply security provides attractive opportunities for expansion and further development for particularly mission-critical uses.
Rikumatti Forsberg, Director, Capital Markets, JLL Finland: “We are proud to have been able to assist TS-Yhtymä Oy in this sale. The transaction highlights the high demand for data centre focused properties in the Nordics, driven by the megatrend of digitalisation that has only accelerated during the pandemic. We also congratulate Hyperco for purchasing this high-quality property and thank both parties for the successful process.”
JLL Capital Markets acted as TS-Yhtymä Oy’s sole commercial advisor in the transaction. JLL Debt and Financial Advisory, separately mandated by the purchaser, advised the purchaser in raising debt financing for the acquisition.
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.