Press Release

CBRE advises on the sale of a life science property in Biolaakso, Turku to Nordisk Renting

January 12, 2024

CBRE Finland News 12jan24

Media Contact

Yvonne Ehinger

Head of Marketing & Comms, Sweden & Nordics

Photo of yvonne-ehinger

Helsinki – 12 January 2024 - Nordisk Renting is a well-established long-term capital partner for strategic assets in Finland, as well as in the Nordic region, and has on 20.12.2023 acquired a life science property located in Biolaakso, Turku, Finland. The property comprises R&D, laboratory, and manufacturing premises totaling some 28,700 sq m of lettable area. Since its original construction, the property has been in life science use and has undergone extensive refurbishment over the years to meet the highest standards.
CBRE acted as the Seller’s exclusive commercial advisor and Hannes Snellman Attorneys acted as the legal advisor.

“We are pleased to establish a new relationship with Wallac and Revvity and enable the continued development of their business at this very strategic location. The transaction is fully in line with our strategy for continued growth and development of long-term partnerships with large corporates and the public sector across the Nordic region,” says Anders Hammarstedt, acting CEO of Nordisk Renting.

Ilpo Münster, Head of Investment Properties at CBRE Finland says: “We are very pleased to have acted as the Seller’s sole commercial advisor of this high-quality life science property located in one of Finland’s leading pharmaceuticals and life science clusters. Backed by a long-term lease and first-class premises for R&D, laboratory, and manufacturing use as evidenced by its long-lasting history in life science operations, we evidenced a strong investment appetite for the transaction. We’d like to congratulate both parties on this landmark transaction.”
Avance Attorneys acted as legal advisor to Nordisk Renting.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 cbre.com