OP-Vuokratuotto and OP-Eläkesäätiö sold a residential portfolio. Newsec acted as the Vendor’s commercial adviser in the transaction, while Castrén & Snellman acted as the Vendor’s legal advisor.
The portfolio consists of seven assets with a total of 345 apartments. Six of the assets are located in Helsinki Metropolitan Area and constructed in the twenty-tens.
Antero Tenhunen, Portfolio Manager of OP-Vuokratuotto: “The time was right for some residential portfolio recycling and at the same time this transaction supports the implementation of new development projects. I would like to thank the buyer as well as our excellent advisors Newsec and Castrén & Snellman.”
Marjo Kosonen, Associate Director from Newsec: “The timing for the sale was optimal, as Finnish residential is very wanted at the moment. We are happy that OP trusted us with the sale of this portfolio. The sales process was particularly smooth as Newsec was managing the assets – this sales process once again demonstrated the added value of Newsec being a full service property house. The sale of this portfolio is a continuation to the successful cooperation between OP and Newsec.”
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