Nordic real estate investor NREP has agreed to establish a new joint venture, Aktiivihallit Ky, with experienced Finnish property professionals Tapani Piri and Jukka Torvinen. The goal of Aktiivihallit Ky is to invest in and develop convertible multi-use industrial properties that meet the needs of modern logistics and production. The projects will emphasise functionality and sustainability.
Aktiivihallit Ky will focus on developing highly adaptable properties that can flexibly serve as warehouse, light production, showroom, office or retail space. The company is actively evaluating its first investment opportunities and exploring the potential to build new warehouse and production facilities, particularly in Helsinki Metropolitan area and Tampere. Recruitment for the new joint venture will begin shortly.
“There’s growing demand for versatile, modular space — especially in expanding urban areas,” says Jani Nokkanen, Partner at NREP. “Through this joint venture, we can better address customer needs by combining strong asset management capabilities with active client engagement.”
Aktiivihallit Ky will design, lease and tailor flex-base properties to match user requirements. Energy efficiency opportunities will also be reviewed at each site.
“Our aim is to create functional spaces for Finnish industry and customise them to suit tenant operations. We also put sustainability at the centre of our approach. For instance, we aim to optimise building systems, leverage geothermal heating, and reduce emissions through better waste sorting and recycling. All of which makes these properties easier and more cost-effective to operate — with a lower environmental footprint,” explain Piri and Torvinen.
Tapani Piri and Jukka Torvinen bring over 40 years of combined real-estate experience, having overseen more than €15 billion in transactions and development projects. Since 2007, Piri has served as Managing Director of JLL Finland, playing a central role in many of the country’s largest real estate deals and introducing major international investors to the Finnish market. Torvinen’s background also includes a decade at JLL, focusing on office and logistics transactions and development. He also held the position of Head of Investments for the Finnish operations of the publicly listed company Sagax last year.
Further information:
Jukka Torvinen, tel. +358 40 827 7832, jukka.torvinen@aktiivitilat.fi
Jani Nokkanen, Partner, NREP, tel. +358 9 674 410
