AEW acquires portfolio of two modern residential assets in Finland

AEW has acquired two modern residential apartment blocks located in the prime residential Helsinki Metropolitan Area (HMA) submarkets of Jatkasaari (Helsinki downtown) and Matinkyla (Espoo).

Together the two buildings comprise 87 high-specification apartments spread across 5,018 square meters (54,01 square feet). The assets were acquired from the Bank of Åland Residential Property Fund on behalf of a German pension fund.

Developed in 2017, the apartment block in central Jatkasaari is located only 100 meters (328 feet) from the closest tram station and 700 meters (2,300 feet) from the Ruoholahti metro station, which provide a direct connection to Helsinki city center. The property, which is 99 percent let, comprises 53 flats, and 30 parking spaces on a freehold plot. The 100-hectare Jatkasaari district is one