Special investment fund Trevian Finland Properties I bought on 16 February 2021 an office and logistics property at Piitie 1 in Koivuhaka, Vantaa. The building has a leasable area of 8,869 m2 on a freehold plot. The acquired property is located adjacent to an existing property owned by the fund and was a strategic acquisition for the development of the area. It also has 4,000 m2 of unused building rights. After the acquisition, the fund owns more than six hectares of land close to the airport by the Ring III and Tuusulanväylä highways.

”The area has an excellent connectivity, and the planned tramline will further improve the location of our properties”, says Investment Director Risto Aro from Trevian Funds AIFM.

After the transaction, the fund has also renewed its lease agreement with Grano Oy that is combining its offices and expanding from the neighbouring building. The new lease agreement covers ca. 14,800 m2.

“We are pleased to have found a fast and innovative solution to our important tenant’s business premise challenges. I think this was a good example of our team’s proactive real estate portfolio management. In addition, it has been a pleasure to see how our responsibility work is becoming increasingly important in lease negotiations. For Grano, environmental and responsibility issues also played a significant role in the process”, Regional Manager Hanna Nurminen from Trevian Funds AIFM comments.

“We are really pleased at Grano that we found a great solution for the continuation of our well-functioning cooperation. Our Koivuhaka office will be even more significant for Grano thanks to this agreement”, says Markus Jensen-Eriksen, Production Director at Grano Oy.

In the real estate transaction, DLA Piper Finland Oy acted as the fund’s legal advisor and Hausala Oy acted as technical advisor. Ecorum Oy acted as the seller’s commercial advisor.

 

ADDITIONAL INFORMATION:

Risto Aro, Investment Director, Partner
Trevian Funds AIFM Ltd
+358 50 420 3950
risto.aro@trevianrahastot.fi

 

Trevian Funds AIFM was established in 2017 and it has a license under the AIFM Directive. The company is based on Finland’s strongest property portfolio management expertise. Non-UCITS Trevian Finland Properties I is its first fund to invest in strong cash flow and development potential, as well as reducing the carbon footprint of its holdings.