Press Release
CBRE has advised Wulff in the S&LB transaction of a Distribution Centre in the Helsinki Airport Area
March 31, 2026
CBRE Capital Market Finland acted as Wulff Yhtiöt Oyj’s (“Wulff”) exclusive commercial advisor on the sale-and-leaseback transaction of a fully automated high-bay distribution centre to Advenis REIM. Wulff will continue to occupy the asset under long-term lease agreement following completion of the transaction. The property is located in Helsinki Metropolitan Area, next to Helsinki Airport.
The modern property, completed in 2006 and 2008, offers a total leasable area of ca. 2,900 sq m. The property provides fully automated high-bay warehouse premises with a 24-metre ceiling height allowing for maximum space utilization and storage efficiency. The premises are fully leased to Wulff, a Nordic market leader in office supply field and publicly listed on Nasdaq Helsinki, through a sale-and-leaseback agreement.
“This strategic sale-and-leaseback transaction is a testament to Wulff's commitment to optimizing our asset utilization and strengthening our financial foundation. By unlocking capital from our state-of-the-art automated distribution center, we are enhancing our ability to invest directly into our core business – further innovating our service offerings and expanding our market presence to deliver even greater value to our customers and shareholders, all while ensuring seamless operational continuity”, comments Heikki Vienola, Senior Advisor at Wulff.
Ilpo Münster, Head of Investment Properties at CBRE Finland, commented on the transaction, stating, "It was a pleasure advising Wulff in a sale-and-leaseback transaction. This deal demonstrates the solid momentum within the Finnish logistics sector. The transaction highlights the sector’s ongoing positive development, backed by improving market sentiment and strong investor interest."
DLA Piper Finland Attorneys Ltd acted as the legal advisor to the Seller, and Krogerus Attorneys Ltd represented the purchaser.
The CBRE Finland team advising on the transaction comprised Ilpo Münster, Jenna Häyrynen and Arttu Kuvaja.
The modern property, completed in 2006 and 2008, offers a total leasable area of ca. 2,900 sq m. The property provides fully automated high-bay warehouse premises with a 24-metre ceiling height allowing for maximum space utilization and storage efficiency. The premises are fully leased to Wulff, a Nordic market leader in office supply field and publicly listed on Nasdaq Helsinki, through a sale-and-leaseback agreement.
“This strategic sale-and-leaseback transaction is a testament to Wulff's commitment to optimizing our asset utilization and strengthening our financial foundation. By unlocking capital from our state-of-the-art automated distribution center, we are enhancing our ability to invest directly into our core business – further innovating our service offerings and expanding our market presence to deliver even greater value to our customers and shareholders, all while ensuring seamless operational continuity”, comments Heikki Vienola, Senior Advisor at Wulff.
Ilpo Münster, Head of Investment Properties at CBRE Finland, commented on the transaction, stating, "It was a pleasure advising Wulff in a sale-and-leaseback transaction. This deal demonstrates the solid momentum within the Finnish logistics sector. The transaction highlights the sector’s ongoing positive development, backed by improving market sentiment and strong investor interest."
DLA Piper Finland Attorneys Ltd acted as the legal advisor to the Seller, and Krogerus Attorneys Ltd represented the purchaser.
The CBRE Finland team advising on the transaction comprised Ilpo Münster, Jenna Häyrynen and Arttu Kuvaja.
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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.