Investor demand in the big box property market is good for opportunities where the tenant is creditworthy and the micro location is well-established. Fastighets AB Esmero Retail Property sold five K-Rauta retail properties located in large and mid-size cities in Finland. The portfolio was acquired by Kauko E. Naumanen Oy and Kiinteistö Oy Naumanen on behalf of companies to be established.

The five K-Rauta properties of the portfolio are located in Vantaa, Mikkeli, Rovaniemi, Iisalmi and Rauma and are fully leased to Kesko. The leasable area of the portfolio is approximately 28,000 square metres.

Newsec acted as the Seller's commercial advisor in the transaction.

Castrén & Snellman Attorneys acted as the Sellers' legal advisor.

For further information, please contact:
Rikumatti Forsberg
Partner, Capital Markets, Newsec in Finland
Tel. +358 50 594 1722

Mikko Tenhola
Head of Capital Markets, Newsec in Finland
Tel. +358 40 500 1310