Skip Ribbon Commands
Skip to main content

News Release

Helsinki

LocalTapiola sells four residential properties to AXA Investment Managers - Real Assets


LocalTapiola General Mutual Insurance Company has sold a portfolio of four residential properties with a total of 119 apartments and a lettable area of 6,648 sq m to AXA IM – Real Assets, acting on behalf of its clients.

The properties are built between 2011 and 1994 and the portfolio is practically fully occupied. The properties in the portfolio are held as freehold, three in the Helsinki Metropolitan Area and one in Tampere. The greater Helsinki region and Tampere region together account for almost two million inhabitants securing strong demand for rental apartments.

We are very pleased that such a significant international investor is interested in the Finnish residential market, says Vesa Eskoli, Real Estate Investment Director at LocalTapiola Real Estate Asset Management Ltd.

The purchase price is 22 million euros. JLL advised the seller LocalTapiola in the transaction.

 

More information:

 

LocalTapiola Real Estate Asset Management Ltd

Real Estate Investment Director

Vesa Eskoli

+358 40 703 0551