Nrep has sold a Finnish urban logistics portfolio to funds managed by Blackstone for €135 million ($145 million).
The Aktiivihallit Ky portfolio comprises 22 warehouse properties with a total leasable area of approximately 133,000 square meters (1.4 million square feet).
Approximately 80 percent of the properties are located in the Helsinki metropolitan area.
Aktiivihallit Ky is a joint venture between Nrep and Aktiivitilat, a Finnish real estate asset and investment management company, with a strategy to invest in light industrial premises within urban locations, including warehouses and small industrial facilities. The joint venture managed the portfolio to enhance the sustainability profile of the properties and lease the premises to high-quality tenants. Aktiivitilat AM Oy acted as the portfolio’s asset manager.
“Nrep’s joint venture with Aktiivitilat had a pioneering focus on the urban logistics segment, where we identified growing occu
