Newsec and BNP Paribas Real Estate acted together as commercial advisor for Patrizia in the sale of a datacenter property in Finland

Newsec and BNP Paribas Real Estate acted together as commercial advisor for Patrizia in the sale of a datacenter property in Finland

24.1.2018

PATRIZIA Immobilien AG has sold a datacenter property in Finland on behalf of its Büro-Invest Europa I fund in December 2017. The recently refurbished datacenter is located in the Helsinki Metropolitan area and is also one of the largest colocation datacenter properties in Finland.

Newsec acted as the vendor's commercial advisor in co-operation with BNP Paribas Real Estate and its Data Center Solutions Team. Hannes Snellman acted as the vendor's legal advisor.

Rikke Lykke, PATRIZIA's Managing Director for the Nordics, says PATRIZIA has actively managed the asset, and increased the value of the property through its successful conversion to data centre. "It was the right time to sell the property. Finland is an attractive location for data centres, which is also an increasingly interesting investment class." she explains.

Toni Perätalo, Partner at Newsec says: "It was great to work in close co-operation with our international alliance partner BNP Paribas Real Estate, and especially with their datacenter specialist Arno Petzold in this interesting and tightly timelined transaction project. As a property investment segment datacenters are not that well-known nowadays, but the future looks different. I'm happy we were able to provide our transaction advisory services successfully also in this datacenter project."

More information:

Andreas Menke Group Head of Corporate Communications
Phone: +49 (0) 821 5 09 10-6 55
andreas.menke@patrizia.ag

Toni Perätalo Capital Markets, MRICS, Partner
+358 451 111 011
toni.peratalo@newsec.fi

Arno Petzold Director, Data Center Solutions Europe
+49 172 675 8349
arno.petzold@bnpparibas.com

PATRIZIA Immobilien AG - PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across Europe for more than 30 years. PATRIZIA's activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As a global provider of real estate investments in Europe, PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. On completing the takeovers of recently acquired real estate investment management companies PATRIZIA will manage almost EUR 40 billion of real estate assets, primarily as a portfolio manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks and as co-investor. For further information, please visit: www.patrizia.ag.

Newsec - The Full Service Property House in Northern Europe - is by far the largest specialized commercial property firm in the region. Newsec offers a comprehensive range of services within the business areas Capital Markets, Commercial Brokerage Leasing, Asset & Property Management, Valuation & Advisory and Corporate Solutions to property owners, investors and occupiers. Newsec was founded in 1994 and is owned by its partners. Today, The Group employs over 1700 professionals in 41 offices.

BNP Paribas Real Estate - BNP Paribas Real Estate, one of the leading international real estate providers, offers its clients a comprehensive range of services that span the entire real estate lifecycle: property development, transaction, consulting, valuation, property management and investment management. With 3,900 employees, BNP Paribas Real Estate supports owners, leaseholders, investors and communities in their projects thanks to its local expertise through 36 countries (16 direct facilities and 20 through its Alliance network) in Europe, Middle-East and Asia. BNP Paribas Real Estate generated € 704 m revenues in 2016 with, for property development, 154 000 sqm of completions and more than 1,500 homes launched; € 24.1 bn assets under management in Investment Management; 38m sqm managed in Property Management; 6.2m sqm taken up and € 19bn invested in Transaction; and three main types of Consulting services: Real Estate Advisory for occupiers, Building Consultancy and Outsourced Real Estate Management.