With this acquisition PPI strengthens its presence in the Helsinki Metropolitan Area. The total investment cost at completion will be EUR 79 million, which will be paid successively according to the completion rate, of which EUR 10 million at closing expected on 30 April 2025. The annual net operating income at completion is estimated to be approximately EUR 4.9 million.

“We are delighted to see PPI’s active growth especially in Espoo. We warmly welcome a long-term investor partner to enable further growth in the business life and critical infrastructure of Espoo and Finland”, comments Olli Isotalo, Deputy Mayor, Urban Environment Director, City of Espoo.

“Acquisition of the neighboring asset to the school we acquired earlier this year is a great addition to our portfolio within critical infrastructure in Finland. The acquisition is also continuing our good cooperation with the developer HGR Property Partners. We want to enable growth and efficiency to our important stakeholders and partners through strategic and long-term real estate investments”, says Ilija Batljan, CIO of PPI.

At completion, the property will have superior ESG credentials: A-level energy class, a LEED Platinum environmental certification and WELL Platinum certification will be pursued. Additionally, on-site energy production will be developed, for example in form of solar panels.