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Apr 24, 2024

Alma and Alea acquired a last-mile logistics asset near Helsinki Airport

Through their joint venture UrbanLight, AlmaProperty Partners and Alea Partners acquired a last-mile logistics property located in Koivuhaka, Vantaa

UrbanLight completed its second investment by acquiring a property at Niittyvillankuja 3, Koivuhaka, a strong logistics area near Helsinki Airport. The property comprises 4,500 square meters of high-quality leasable space with free ceiling heights above 8 meters and a large yard area. Strong tenants of the property include Skanska Rakennuskone Oy and Pakkauspörssi Oy.

Robert Landtman, Partner and Head of Finland at Alma Property Partners, comments, "This second investment fits well with UrbanLight’s strategy of acquiring high-quality last-mile and logistics assets in prime locations. We see an opportunity to modernise the property through energy-efficiency investments to improve the property’s sustainability footprint."

"The acquisition of Niittyvillankuja 3 demonstrates Alea's ability to identify and execute attractive off-market deals. Our pipeline looks really promising, and we are actively pursuing several additional transactions that should close during the spring," continues Mikko Haapalainen, Founding Partner at Alea Partners.

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