Press Release
CBRE has advised the Seller in the divestment of a prime logistics asset in the Helsinki Airport Area
July 12, 2024
Media Contact
Yvonne Ehinger
Head of Marketing & Communications, Nordics & Sweden
CBRE acted as the Seller’s exclusive commercial advisor on the divestment of a modern prime logistics asset with state-of-the-art premises to Logian. The property is backed by a strong lease covenant and is located in Aviapolis, the most prime logistics location in Finland, next to Helsinki Airport.
The modern property, completed in 2018, offers a total leasable area of ca. 25,000 sq m. It boasts highly sought-after temperature-controlled premises and meets the highest logistics requirements. The premises are fully leased to Wihuri, one of the largest privately owned companies in Finland, serving as their main distribution center for their food-service wholesale business in Finland.
“We are delighted assisting with the successful sale of the prime logistics asset to a new professional owner. The transaction carries out well the pre-set strategy," expresses Henrik Eskolin, Head of Transactions Finland at DEAS Asset Management.
The CEO of Mrec Investment Management, Ilmo Jäntti, commented on the transaction as follows: “We are delighted to announce this acquisition, which represents our third investment since the establishment of Logian in November 2023, and further solidifies our commitment to our growth strategy. This strategic move underscores our focus on investing in top-tier logistics premises that meet ESG standards, allowing us to provide our clients with a customer-centric approach and improved operational efficiency.”
Ilpo Münster, Head of Investment Properties at CBRE Finland, commented on the transaction, stating: "This deal exemplified the strong belief that investors have in the Finnish logistics sector. We observed significant interest from diverse capital sources, attracted by the prime location, strong tenant, and modern ESG-compliant premises, indicating a clear trend of stabilizing pricing in the Finnish industrial and logistics sector."
Merilampi Attorneys acted as the legal advisor to the Seller, and Hannes Snellman Attorneys represented the purchaser.
About DEAS Asset Management
DEAS Asset Management A/S is a leading Nordic fund and asset management provider, with a total AuM of approximately 7 billion euros across over 500 assets in Denmark, Finland, Norway and Sweden. DEAS Asset Management A/S serves local, regional and international investors from offices in Copenhagen, Aarhus, Helsinki, Oslo, Trondheim and Stockholm. Its team consists of 100 highly skilled real estate specialists within fund management, asset management, transactions, project development and real estate financing. DEAS Asset Management A/S has a demonstrated track record of delivering attractive returns to investors across all main real estate sectors and risk profiles.
About Logian.
Logian is a real estate investment company, owned by Finland’s largest pension insurer Keva and Mrec Investment Management Oy (“Mrec IM”). Logian focuses on Finnish logistics, warehouse, and industrial properties. Mrec IM is responsible for all Logian’s operation.
About Keva
Keva is Finland’s largest pension provider, and it administers the pensions of local government, State, Evangelical Lutheran Church, Kela, Bank of Finland and new wellbeing services counties employees. Keva has 1,3 million customers. Keva’s investment assets had a market value totaling EUR 65.7 billion at year-end 2023.
About Mrec Investment Management
Mrec Investment Management Oy (“Mrec IM”) is a Finnish investment management, real estate asset management, and project development company. Mrec IM focuses on selected real estate development and asset management assignments in collaboration with capital partners. Mrec IM is part of the Mrec Group.
The modern property, completed in 2018, offers a total leasable area of ca. 25,000 sq m. It boasts highly sought-after temperature-controlled premises and meets the highest logistics requirements. The premises are fully leased to Wihuri, one of the largest privately owned companies in Finland, serving as their main distribution center for their food-service wholesale business in Finland.
“We are delighted assisting with the successful sale of the prime logistics asset to a new professional owner. The transaction carries out well the pre-set strategy," expresses Henrik Eskolin, Head of Transactions Finland at DEAS Asset Management.
The CEO of Mrec Investment Management, Ilmo Jäntti, commented on the transaction as follows: “We are delighted to announce this acquisition, which represents our third investment since the establishment of Logian in November 2023, and further solidifies our commitment to our growth strategy. This strategic move underscores our focus on investing in top-tier logistics premises that meet ESG standards, allowing us to provide our clients with a customer-centric approach and improved operational efficiency.”
Ilpo Münster, Head of Investment Properties at CBRE Finland, commented on the transaction, stating: "This deal exemplified the strong belief that investors have in the Finnish logistics sector. We observed significant interest from diverse capital sources, attracted by the prime location, strong tenant, and modern ESG-compliant premises, indicating a clear trend of stabilizing pricing in the Finnish industrial and logistics sector."
Merilampi Attorneys acted as the legal advisor to the Seller, and Hannes Snellman Attorneys represented the purchaser.
About DEAS Asset Management
DEAS Asset Management A/S is a leading Nordic fund and asset management provider, with a total AuM of approximately 7 billion euros across over 500 assets in Denmark, Finland, Norway and Sweden. DEAS Asset Management A/S serves local, regional and international investors from offices in Copenhagen, Aarhus, Helsinki, Oslo, Trondheim and Stockholm. Its team consists of 100 highly skilled real estate specialists within fund management, asset management, transactions, project development and real estate financing. DEAS Asset Management A/S has a demonstrated track record of delivering attractive returns to investors across all main real estate sectors and risk profiles.
About Logian.
Logian is a real estate investment company, owned by Finland’s largest pension insurer Keva and Mrec Investment Management Oy (“Mrec IM”). Logian focuses on Finnish logistics, warehouse, and industrial properties. Mrec IM is responsible for all Logian’s operation.
About Keva
Keva is Finland’s largest pension provider, and it administers the pensions of local government, State, Evangelical Lutheran Church, Kela, Bank of Finland and new wellbeing services counties employees. Keva has 1,3 million customers. Keva’s investment assets had a market value totaling EUR 65.7 billion at year-end 2023.
About Mrec Investment Management
Mrec Investment Management Oy (“Mrec IM”) is a Finnish investment management, real estate asset management, and project development company. Mrec IM focuses on selected real estate development and asset management assignments in collaboration with capital partners. Mrec IM is part of the Mrec Group.
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 and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
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 and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.