Prisma Properties acquires five Finnish properties for €31m

Prisma Properties has expanded its portfolio in Finland by acquiring five properties in two separate deals, totalling approximately €31 mln. 

Thomas Hansen

These acquisitions will add about 20,000 m2 of rentable space and generate around €2.5 mln in annual rent.
The first transaction involved buying four existing retail properties from Innovestor for roughly €23.5 mln. These fully leased properties, primarily occupied by discount retailers, are located in southern Finland (Lohja, Nurmijärvi, Järvenpää, and Hämeenlinna) and have an average remaining lease term of 5.5 years.
The second acquisition is a forward purchase from developer Tekova for about €7.5 mln. This property, located in Raasepori near Highway 25, will offer over 5,000 m2 of discount retail space. It's fully pre-leased to two major discount retailers on 10-year agreements and is expected to be completed in the third quarter of 2026.
These acquisitions are financed through a mix of bank loans and equity.
Tom Hagen, head of Transactions at Prisma Properties, said: "We are continuing to build our platform in Finland through the acquisition of modern and energy-efficient properties that meet the high demands of the retail sector. These acquisitions fit well with Prisma's green profile and strengthen our presence in a market that we see as both stable and attractive in the long term.”
Cushman & Wakefield, Borenius Attorneys, and PwC advised on the acquisition from Innovestor, while Hannes Snellman advised on the acquisition from Tekova. Naava Partners acted as Prisma’s technical advisors in both acquisitions.