JLL advised Intermediate Capital Group plc in the purchase of a mission critical property in Vantaa leased to Thermo Fisher Scientific

The property, encompassing over 23,000 sqm of lettable area, is leased on a long net lease agreement to Thermo Fisher Scientific, an S&P 100 company and a major player within the life science industry. The property was built in 2002 to serve as Thermo Fisher Scientific’s Finnish headquarters and holds a mission critical location close to the airport with excellent road and rail connections, providing the perfect place to combine office, laboratory and warehouse functions.

Chad Brown, Managing Director, Intermediate Capital Group: “ICG’s SLB fund is pleased to close the acquisition of this highly mission critical facility, in what is, our first investment in Finland.  Finland and the Nordics are a key target market for our strategy and we are actively seeking additional mission critical real estate opportunities. ICG worked closely with JLL on this transaction and valued their support entering the Finnish market”

Antti Pelli, Senior Director Capital Markets, JLL Finland: “We are pleased to have been able to successfully advise ICG in their inaugural transaction in the Finnish property market. The transaction demonstrates Finland’s continuing appeal to international investors and is a testament of JLL’s ability to assists its clients across sectors and geographies.”

JLL acted as ICG’s sole commercial advisor in the transaction. Krogerus acted as ICG’s legal advisor.