JLL advised Fennia Life on the sale of medical center property in Helsinki
Fennia Life has sold a well-known medical center property to a fund managed by the French company Corum.
Image: Kuvio Oy
Located at Raumantie 1a, Pihlajalinna Dextra Munkkivuori offers the most comprehensive private emergency services in the Helsinki metropolitan area, including pediatric emergency care, accident and emergency care, and general practitioner services.
Harri Oravainen, Real Estate Investment Director, S-Bank Properties: “The property has been part of the real estate investment portfolio of Fennia Life, managed by S-Bank Properties. In cooperation with the tenant, an extensive renovation has been carried out on the property, significantly improving the operating conditions for Pihlajalinna Dextra Munkkivuori. The property sale aligns with portfolio strategy and creates opportunities for new investments.”
Mélanie Ballu, Investment Director, Corum: “Our acquisition of the medical center in Helsinki marks another significant step in our fund’s strategic expansion across key European markets. This addition aligns well with our portfolio, enhances our position in the region by increasing exposure to this sector, and reinforces our commitment to long-term growth.”
Jari Tirkkonen, Director, Capital Markets, JLL Finland: “We are very pleased to have completed this transaction with Fennia Life. Investor demand in healthcare real estate continues to be robust, with the sector showcasing its resilience across various economic conditions. With this transaction, JLL further strengthens its market leadership in community property transactions in Finland, and it's nice to add this deal to our references. We want to thank and congratulate Fennia Life, S-Bank Properties, and Corum on a successful deal.”
JLL acted as commercial advisor to Fennia Life and S-Bank Properties in the transaction. Avance Attorneys acted as legal advisor to Fennia Life and S-Bank Properties.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.