CBRE acted as a Debt Advisor for Aberdeen Standard Investment’s development project in Tampere, Finland. The ongoing development project of Aberdeen European Residential Opportunities Fund (AEROF) in Pyynikki Beach is transforming an old tricot factory into a one of a kind modern residential and commercial area. The new loan facility will be used to build the commercial phase of the entire project, incl. micro-living studio apartments, business premises and parking garage serving the area and its visitors. The construction work will be finished in 2022.
Johanna Saarivuo, Head of Asset Management Finland, Aberdeen Standard Investments said:
“We are highly delighted about the warm reception of Nordic banks for the Pyynikki Beach development. Pyynikki Beach represents a great example of our aspiration to build and invest sustainably into urban hybrid projects where living, work and play has an excellent balance.”
Anne Laukia, Director Debt & Structured Finance, CBRE said:
“We managed to find a very appealing development loan facility from one of the banks in the Nordic region - in the market backdrop, where development financing was quite difficult to obtain for hotel/micro-living segments. Congratulations to Team AEROF! Pleased to work with you!”
Johanna Saarivuo, Head of Asset Management Finland, Aberdeen Standard Investments said:
“We are highly delighted about the warm reception of Nordic banks for the Pyynikki Beach development. Pyynikki Beach represents a great example of our aspiration to build and invest sustainably into urban hybrid projects where living, work and play has an excellent balance.”
Anne Laukia, Director Debt & Structured Finance, CBRE said:
“We managed to find a very appealing development loan facility from one of the banks in the Nordic region - in the market backdrop, where development financing was quite difficult to obtain for hotel/micro-living segments. Congratulations to Team AEROF! Pleased to work with you!”
