Aktiivitilat’s new investment vehicle, established at the turn of the year, has made its first purchase by acquiring a light industrial property in the Jussla district of Tuusula.
Aktiivitilat’s new company focusing on light industrial properties has spent the spring identifying targets, submitting bids and, over the past month, carrying out due-diligence reviews.
The first transaction is now complete: Jusslansuora 10, Tuusula, an approximately 1,500 m² single-tenant light industrial property bought from a privately owned real-estate company.
Tuusula’s Jusslansuora 10 is a neat, well-located light industrial property, says Aktiivitilat’s Investment Director and partner Tapani Piri.
“We have revised our investment criteria and can now acquire smaller assets, starting from around 1,500 m²,” Piri notes.
“In smaller properties, straightforward processes, simplicity and transaction efficiency become even more important, and that suits us,” Piri continues. “Jusslansuora 10 is leased to a single tenant and requires no major renovation. Under these parameters, ownership and management are not especially labour-intensive.”
Aktiivitilat’s investment programme is otherwise progressing at a brisk pace. The aim is to invest more than €200 million into light industrial properties within three years, which demands an active acquisition pipeline.
“Several other deals are close to closing in the coming days, and multiple due-diligence processes are under way. We also have about €100 million worth of light industrial properties in the offer pipeline. Our timing in entering the market has proved very favourable,” Piri smiles.
“The Helsinki metropolitan area currently provides enough assets that meet our strategy, so we are not looking at other cities at this stage. Their time may come later; for now, we operate in the corridor from Kirkkonummi to Nurmijärvi, and from Tuusula, Kerava and Järvenpää through to Sipoo — locations that are central and attractive from a leasing perspective,” Piri concludes.
Further information:
Tapani Piri, tel. +358 40 752 5417, tapani.piri@aktiivitilat.fi
Jukka Torvinen, tel. +358 40 827 7832, jukka.torvinen@aktiivitilat.fi
