Conficap acquires 48.000 square meters of logistics space in the Helsinki metropolitan area
Conficap acquires three logistics properties located in the Helsinki metropolitan area from a fund managed by Aberdeen Standard Investments.
With the acquisition contract, signed on November 29, 2018, three logistical properties located in Ruukintie 18, Espoo, Valuraudankuja 3, Helsinki, and Tikkurilantie 10, Vantaa will be transferred under the ownership of Conficap. The properties are located in well-connected locations in the immediate proximity of main traffic routes.
The total floor area of the leasable real estates is 48.000 square meters including logistics and office spaces. The construction of the properties has been completed between years 1965 and 1991. Conficap is prepared to invest in the properties. The change of ownership does not affect current leases.
“With the investment, we are able to offer logistics companies high quality, versatile office spaces in key locations in the Helsinki metropolitan area. The investment supports our strategy to focus on office and logistics properties in Finnish growth centers in the capital region, Turku, and Tampere. During the past year, we have made significant investments and have acquired office properties i.e. on Vuorikatu in Helsinki city center, and in Pitäjänmäki district”, says Atte Köykkä, Real Estate Director at Conficap.
Conficap’s organisation has long experience of operations in the property market. The company’s property is comprised of property holdings in prime locations in Finnish urban growth centers as well as holdings in joint investments and property funds.
”As a family business, we want to operate sustainably and on a long-term basis. Measured, carefully selected real estate investments support our strategy. We continue to actively follow the real estate market and seize the opportunities that strengthen our real estate portfolio and create value for us and our partners,” Köykkä states.
Conficap is a Finnish family company with a history dating back more than a hundred years. The group consists of four business sectors. Conficap owns technical building services company Are and conducts large-scale business operations in property and investment sectors. Additionally, Conficap has strategic listed shareholdings.
Atte Köykkä, Real Estate Director, Conficap Oy
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