University Properties of Finland Ltd (SYK) has issued the first green bond in the property sector. To support this move, Newsec valued the entire SYK property portfolio in autumn 2018.
SYK will use the funds raised by the bond for certified environmentally responsible and energy-efficient projects. In support of the bond issue, SYK required a reliable third-party opinion of the market value of all of its property holdings. Newsec completed this property valuation, and the partnership will continue with annual valuation updates.
SYK has property holdings all over Finland, mainly in the form of campus buildings in university towns. More than 50 assets were valued with a combined area of over a million square metres.
"We chose to work with Newsec following sustained, wide-ranging and successful collaboration with this partner on property valuation and analysis projects. We have been highly satisfied with the ability of Newsec to provide a timely response to our requirements," reports SYK Deputy CEO Anssi Koski.
For further details, please contact:
Senior Analyst Valuation, MRICS, AKA, partner
Tel. +358 50 567 3776