ARTICLES TAGGED WITH "Public Property Invest"

PPI acquires nursing homes

Norway Norway — Public Property Invest has acquired a portfolio of seven nursing homes for elderly care for a total value of NOK 410 million, which partially will be settled in cash and partially in shares.

Public Property Invest acquires properties in Helsinki

Nordic — Public Property Invest acquires two healthcare properties in Helsinki.

PPI continues its growth in Finland with a sizeable investment in Espoo

Finland Finland — Public Property Invest (PPI) has acquired a life science property under development in Otaniemi university campus area in Espoo. The property will be completed by the end of 2026 and will be mostly new-built and partly fully renovated according to modern standards and high ESG targets. The total lettable area will be approximately 15,700 sqm and it is fully pre-let to Relex Solutions and HOK-Elanto on long-term lease agreements with an average unexpired lease term of over 10 years.

PPI acquires two properties from Carucel Eiendom

Norway Norway — Public Property Invest has acquired two property companies for a property value of NOK 223.5 million from Carucel Eiendom. The properties have a total size of approximately 7,050 sqm and are located in Oslo and Hurdal/Eidsvoll. They are fully let to Recovery Bo & Omsorg and Stendi which provide assisted living services in the field of substance abuse, mental health and physical disabilities. Annual rental income is NOK 16.6 million and the lease contracts are close to triple net, with an unexpired lease term of 16 years.

PPI makes Bergen acquisition

Norway Norway — Public Property Invest (PPI) has signed an agreement to acquire the Njord Syndicate Bergen Kommunebygg AS which owns the property Damsgårdsveien 106 in Bergen.

PPI makes its first acquisition in Finland

Finland Finland — Public Property Invest has signed an agreement to acquire two adjacent elementary school properties for EUR 37.1 million. The properties are located in the city of Espoo, a part of the Helsinki metropolitan area.

PPI makes acquisition in Sweden

Nordic — PPI acquires pre-school in Trelleborg from Acrinova and signs a triple net lease with Municipality of Trelleborg.

PPI signs new lease in Kristiansand

Norway Norway — Public Property Invest signs a new ten-year lease contract with the Norwegian Labour and Welfare administration (NAV) in Kristiansand.

André Gaden replaces Ilija Batljan as CEO of PPI

Norway Norway — The Board of Public Property Invest has appointed André Gaden as the new CEO of PPI. He is today the COO of PPI. The Board has also appointed Ilija Batljan as new CIO of PPI. Batljan has served as interim CEO since the IPO in April 2024.

SBB Sells Properties in Norway, Finland and Sweden

Nordic — Samhällsbyggnadsbolaget i Norden is selling seven properties in Norway, Finland and Sweden for an agreed property value of SEK 2,500m.