Special investment fund Trevian Finland Properties I has on 15 November 2019 acquired from Renor Oy an 80 percent majority in the two-property MREC Lahden Askotalot, at Askonkatu 9-10, about one kilometre from the Lahti city centre. The properties are easily accessible by car, bus or train.
There are 31,828 m2 of leasable area and one hundred tenants in the properties. Anchor tenants include the District Court of Päijänne Tavastia, engineering company Andritz Oy and leading financial administration firm Rantalainen Oy. There is mainly modern high-quality space in the properties that were built in many stages between 1920 and 2019.
“There are 120,000 people living in the city of Lahti, and the Lahti subregion with its 202,000 inhabitants is the fifth largest in Finland. Based on our investment strategy, a presence in Lahti is self-evident for us”, says Risto Aro, Director of Real Estate Investments at Trevian Funds AIFM. “The acquired properties are located in an attractive and developing area. The Askonalue district of Lahti is becoming a vivid and versatile neighbourhood for work, living and events”, Director Aro continues.
After the acquisition, there are about 300,000 m2 of leasable area and more than 600 tenants in the fund’s portfolio. Trevian Finland Properties I will continue making acquisitions of commercial properties in the main cities of Finland, in line with its investment strategy.
Partner, Director of Real Estate Investments
Trevian Funds AIFM Ltd
tel. +358 50 420 3950
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.