NREP has sold Dixi convenience centre to Special Investment Fund eQ Finnish Real Estate (AIF) on 28 June 2019 for approximately €66 million. Dixi is a modern retail convenience centre located at one of the most significant transport hubs in Finland, Tikkurila station.
The property has been completed in two phases (2015/2017), has a total lettable area of 9,000 sq m and is LEED Platinum certified. Dixi represents the highest quality of today’s retail.
Jani Nokkanen, Partner at NREP comments: ”During the past years, we have invested heavily in the development, leasing and marketing of Dixi's commercial concept. We are very pleased how successful Dixi has become and is now getting a new reliable and long-term owner.”
“Dixi’s exceptionally strong position in one of the busiest and most advanced railway stations in the Helsinki Metropolitan Area, combined with its fast day-to-day based commercial concept, makes it an interesting investment. We aim to continue optimising our commercial offerings and services to meet our customers’ needs” commented Samuel Granvik, Investment Director at eQ.
CBRE acted as the Seller’s exclusive commercial advisor while Roschier, Attorneys Ltd. acted as the Seller’s legal advisor and Avance Attorneys Ltd as the Buyer’s legal advisor.
Further information:
Henrik Calton
Director | Investment Properties
M. +358 (0)40 820 8235
[email protected]
Emma Kaksonen
Associate Director | Investment Properties
M. +358 (0)40 517 4599
[email protected]
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Finland Oy is part of CBRE Group with more than 100 professionals working in offices in Helsinki, Turku, Jyväskylä and Oulu. We offer a broad range of commercial real estate services for real estate investors and occupier clients such as sales advising, leasing, valuations, transactions, consulting, workplace and building consultancy as well as asset and shopping centre management. To learn more, visit our website cbre.fi
About NREP
At home in the Nordics, NREP is a vertically integrated real estate product developer, investor and operator that seeks to make real estate better. NREP takes a multi-stakeholder approach and leverages its multidisciplinary team to develop real estate and real estate anchored businesses that create long-term value for tenants, investors and the wider communities in which the company invests. To learn more, visit NREP’s website nrep.com
About eQ Finnish Real Estate
Special Investment Fund eQ Finnish Real Estate (AIF) is managed by eQ Asset Management Ltd and invests in Finnish commercial real estate. The value of the fund’s real estate portfolio is some 960 million euros with more than 80% in Helsinki and Tampere regions. The fund is open quarterly for subscriptions and semi-annually for redemptions. Learn more at www.eQ.fi .