Episurf Medical has acquired two logistics and warehouse properties in Helsinki and Kerava for EUR 33.6 million from Julius Tallberg-Kiinteistöt. The share purchase agreement was signed and closing took place simultaneously. The properties comprise approximately 27,000 sqm and are let to strong tenants, including Gigantti Oy Ab and TIP Trailer Services Finland Ab, with a weighted average unexpired lease term (WAULT) of 3.4 years.

The properties are expected to generate annual net operating income (NOI) of approximately EUR 2.5 mn, reflecting a net yield of approximately 7.5 percent.

"The acquisition marks Episurf’s entry into the Finnish property market and represents a further step in building the Company’s Nordic property platform. It is Great that we, as a small company, can acquire warehouse and logistics properties within Ring 1 and Ring 3 in Helsinki. We look forward to further establishing ourselves in the area. With this acquisition and completion, we pass SEK 3.5 bn in completed property assets, and signed and completed transactions total SEK 6.3 bn,” says Jens Andersson, CEO of Episurf Medical.

Key figures

The properties have an agreed property value of EUR 33.6 mn and a lettable area of approximately 27,000 sqm. Annual NOI amounts to approximately EUR 2.5 mn, reflecting a net yield of approximately 7.5 percent, and the weighted average unexpired lease term (WAULT) is 3.4 years. Key tenants are Gigantti Oy Ab and TIP Trailer Services Finland Ab. The properties are located in the Helsinki area, Finland.