Public Property Invest ASA ("PPI") has agreed to acquire a high-quality care
property in Haaga, Helsinki, Finland for EUR 14.8 million.
The property is currently under construction with an estimated completion date
in August 2026 and will comprise a total lettable area of 4,730 sqm. The
property will provide modern care facilities in Helsinki.
The property is pre-let to a leading care operator on a 15-year lease
contract. In Finland social services are government funded. The property is
expected to generate gross rental income of approximately EUR 1.3 million upon
completion.
The development is designed to meet high environmental standards and is
targeting BREEAM Excellent certification, is taxonomy compliant, and will
achieve an EPC B rating, demonstrating PPI's commitment to sustainable
property investment.
"This acquisition demonstrates our commitment to enabling the development of
critical social infrastructure in Finland. By investing in modern care
facilities, we help provide essential services to the community while creating
stable, long-term returns for our shareholders," says Ilija Batljan, CIO of
PPI.
The transaction will be paid in cash and is expected to close upon completion
of construction works in August 2026.
For further information, contact Ilija Batljan, CIO, ilija@publicproperty.no