PPI acquires two adjacent healthcare/community service properties in Finland

30 May 2025 07:00 CEST

Public Property Invest ASA ("PPI") has acquired two high quality,
healthcare/community service properties in Helsinki in Finland for a total
property value of EUR 63 million.

The properties were new built in 2019 and 2021 with a total lettable area of
ca. 13,520 sqm. They are centrally located in the rapidly developing Tikkurila
district, a prime location along the main rail line only ca 15 minutes from
Helsinki CBD and only 5 minutes from Helsinki airport. The properties have
direct access to the Tikkurila train station which is the third busiest train
station in Finland. The properties are modern and flexible and are certified
Breeam Very Good, Leed Platinum and with an EPC B.

One of the properties is a hospital providing specialist health services and
is fully let to Mehiläinen on a 12-year remaining lease contract. Mehiläinen
is one of the largest and fastest growing private healthcare
operators/hospitals in Finland. The second property is a fully let
multi-tenant building with the City of Vantaa, Forenom, Nordea, Terveystalo
and Kesko as the largest tenants and amongst other provides further expansion
opportunities for Mehiläinen. Total gross rental income for both properties is
approximately EUR 5.8 million.

"This acquisition will further increase our presence in central and attractive
locations in the largest Finnish cities. The properties provide attractive
risk adjusted returns for our shareholders and we see further value potential
in both the properties, the existing tenant mix and the prime location in the
Tikkurikla district in the greater Helsinki area", says Ilija Batljan, CIO of
PPI.

The transaction will be paid in cash and is expected to close on 30 May 2025.

Contact
Ilija Batljan
CIO
ilija@publicproperty.no

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