Aktiivitilat has launched a new real estate investment fund, which is off to a strong start. The focus remains on light-industrial assets.
The new fund, Aktiivihallit II Ky, follows the same strategy as its predecessor. Geographically, the focus is on the Helsinki Metropolitan area and Tampere, while the asset class remains light-industrial — production and warehouse properties. The fund’s investor NREP continues, and the fund’s target size is €100 million.
Aktiivitilat’s first fund, Aktiivihallit Ky, was fully deployed by summer 2022. It ultimately comprised 23 industrial assets totaling 131,222 m² of leasable space across 72 tenants.
The portfolio was well diversified: 50% of floor area in Helsinki, Espoo and Vantaa; 23% in the surrounding municipalities of Tuusula and Kerava; and 27% in Tampere.
“Our experience with the first fund has been very positive,” says Jukka Torvinen, CEO of Aktiivitilat. “Occupancy remained extremely high despite the pandemic, energy crisis, inflation and recession fears. While the asset class may be considered defensive, it has shown itself to be dynamic and resilient, even in difficult times.”
“Occupancy is now at 95%, with just a couple of properties in temporary vacancy due to planned renovations and repositioning,” Torvinen adds.
Tatu-Pekka Koivupuro, Partner responsible for asset management, sees strong tenant demand and active management as a successful combination. “In 2022 we leased 11,198 m² of new space and renewed over 20,000 m² of leases. Well-priced space that meets tenant needs performs well in any market cycle. Continuous asset upgrades — last year we invested over €2 million, particularly in energy efficiency — support both leasing and occupancy.”
The new fund’s first acquisitions are now under review, and new investment opportunities are being sourced.
Further information:
Jukka Torvinen, tel. +358 40 827 7832, jukka.torvinen@aktiivitilat.fi
Tatu-Pekka Koivupuro, tel. +358 50 411 7844, tatu-pekka.koivupuro@aktiivitilat.fi
