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Finland Investment Snapshot Q1 2023

April 24, 2023

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Finland Investment Snapshot Q1 2023


  • Finnish investment market experienced a slowdown in the first quarter of 2023 as rising interest rates and shift in the pricing environment limited the number of closed transactions. Investors remained cautious in allocating new capital under current market conditions.


  • Investment volumes decreased over 80% year-over-year to €455 million and the TTM investment volumes dropped by 37% year-over-year reaching a total of €5.3 billion. Total investment in the first quarter was 75% below the five-year average quarterly volumes. Offices were the largest sector with 31% of total investment followed by I&L (27%) and residential (18%).


  • The largest transactions in the first quarter of 2023 were NIAM’s acquisition of the development project of Finland’s tallest office tower covering total of 11,700 sqm office space from SRV and NREP Logicenters’ purchase of Alfaroc’s 38,000 sqm logistics warehouse development project in Tuusula.


Read more from the CBRE Finland Investment Snapshot Q1 2023 report.