Newsec’s Finnish property outlook: investors interested in high-quality properties after the initial shock caused by the coronavirus pandemic
Now that the summer is over, it can be said that the coronavirus pandemic slowed the property investment market down but did not stop it altogether. Preceded by a historically active first quarter, the trading volume during the second quarter of 2020 was the lowest in years.
Newsec acted as the seller’s commercial advisor in the transaction of a residential property in Helsinki
7.5.2020Newsec Advisory acted as the seller’s commercial advisory in a real estate transaction in which Lehto Asunnot Oy sold a residential property with 12 and 5 floor apartment buildings located in Kalasatama, Helsinki to NREP.
Real estate finance in the middle of a corona crisis
29.4.2020Banks – just like other companies – have focused on safeguarding their employees and operations as well as the operations of their customers since the beginning of the COVID-19 crisis. The focus has, justifiably, been on creating a view of the situation and monitoring the market and their own loan portfolios as any outlook concerning the future is extremely slight amid the continuous change.
Virus shock hits the property market – but the investment demand continues
27.3.2020It is still too early to give an accurate estimate on the impact of the coronavirus on the property market. As the initial shock evens out and the situational picture sharpens, it has become clear that investors’ interest in the property market continues.
16.3.2020Newsec serves its customers normally despite of situation with corona virus pandemic. However, the situation demands special arrangements that aim to ensure the safety of our personnel and our customers as well as minimize any interference in our services during the epidemic.
Newsec Finnish Property Outlook: Supply does not meet demand in the property market
14.2.2020Properties remain an attractive investment area as a result of better yields and a more secure operational environment compared to other investment items. The main obstacle is that supply does not meet demand. In addition to the Helsinki city centre, investors are interested in other prime submarkets in the metropolitan area as well as Turku and Tampere.
Newsec tenant representation finds new premises for Blood Service
18.12.2019The Blood Service has been operating in the Kivihaka district of Northwest Helsinki since 1972. Newsec tenant representation assisted in arranging relocation from these old premises to modern high standard facilities in Vehkala, West Vantaa.
eQ Finnish Real Estate Fund acquires Alberga Business Park B and C buildings
9.12.2019Leppävaara office market remains active. eQ Finnish Real Estate Fund acquired Alberga Business Park B and C buildings in Leppävaara from a fund managed by Amundi Real Estate. Newsec acted as the vendor’s commercial advisor in the transaction.
Newsec combats climate change with commitment to Net Zero Carbon Buildings
4.12.2019Newsec is challenging the sector to commit to reducing emissions, and has taken a step towards carbon-neutral premises by signing the Net Zero Carbon Buildings Commitment of the World Green Building Council.
Heikki Kangas appointed Head of Valuation at Newsec
3.10.2019Heikki Kangas has been appointed Head of Valuation at Newsec Advisory in Finland and will begin in his new role on 1 January 2020. Heikki has worked at Newsec since 2010 as Deputy Head of Valuation. The current Head of Valuation, Hannu Ridell, will continue as Senior Advisor until he retires on 30 June 2020.
Residential and logistics properties in Finland attracting investors
13.9.2019Newsec’s latest Finnish Property Outlook predicts that foreign investors will continue to show increased interest in Finland’s property market. Low interest rates and yields coupled with stock market uncertainty is expected to keep property investment demand high. Investors are now interested primarily in residential and logistics properties.
Newsec to be commercial manager of eQ shopping centres
11.9.2019The Finnish asset management and corporate finance group eQ Asset Management has selected Newsec as a partner responsible for commercial management and marketing of its shopping and business centres.
YIT Finland bought the former premises of Institute of Marketing in Helsinki
8.7.2019YIT Suomi Oy has on 5.7.2019, in collaboration with the limited partnership Suomen Osatontti II Ky, bought the former premises of Institute of Marketing from the registered association Markkinointi-instituutin Kannatusyhdistys ry. The property located in Helsinki at Töölöntullinkatu 4-6 has previously been in office and educational use.
Trevian Finland Properties I has bought the majority share of the Ruoholahti metrostation office property
5.7.2019Special Investment Fund Trevian Finland Properties I has acquired 70.5% share of the real estate company Ruoholahden Metrotori from Trade Union Pro. Newsec acted as the advisor of the Seller in the process.
Fortum Power and Heat Oy sold an office property to a fund operated by Elite Alfred Berg
4.7.2019The object of the sale was the office property located at Piispanportti 10 in Espoo, Finland. The property is on a visible location by Länsiväylä motorway and Shopping centre Iso Omena. Newsec acted as the commercial advisor for the Seller.