Finland —
Icecapital Real Estate Club I Ky has agreed with the Seafarers’ Pension Fund (Merimieseläkekassa, MEK in Finnish) on the acquisition of nearly its entire commercial property portfolio and its investment into the Icecapital Real Estate Club I Fund. The transaction comprises six properties in total covering 27,000 leasable square meters in Helsinki, Espoo and Turku. In connection with the transaction, the fund completed its first closing and MEK will continue as the fund’s largest investor.