Finland Industrial & Logistics Figures Q1 2023

‒ In the first quarter of 2023, I&L investment volumes decreased by 24% (y-o-y) to €97 million. More than half of total investment (54%) came from cross-border investors, and 11% of the investment landed in the Helsinki Metropolitan Area.

‒ Industrial and logistics sector remains active across different subsectors, ranging from logistics to warehouses and light industrial properties. The Greater Helsinki area continues as the hotspot for both investor and occupier activity. In the first quarter prime logistics yield increased by 5 bps to 4.80%, resulting a total of 100bps surge in the past 12 months. Prime warehouse and light industrial yields increased by 50 bps to 6.00% and 6.75%, respectively in Q1.

‒ Two notable transactions in the first quarter were NREP Logicenter's purchase of Alfaroc’s 38,000 sqm logistics warehouse development project in Tuusula and Evli’s acquisition of two industrial properties in Tampere and Pirkkala.