Transactions - JUNE 22, 2022

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CapMan Real Estate acquires airside logistics, last-mile asset

by Kali Persall

CapMan Real Estate has acquired an airside logistics and last-mile asset from AVIA Real Estate Oy, a property investment and development company.

The property is unique due to its location at Turku Airport in Finland, adjacent to the airport’s runway. It serves both air and ground freight and is a significant node in the Finnish and Nordic logistics network. The main tenants are TNT FedEx and DHL Express.

The asset was acquired via the CapMan Nordic Real Estate III fund, a €564 million ($605 million) fund that was established in 2020 and primarily invests in office, retail and residential real estate in the Nordic regions.

“We are looking forward to the cooperation with the property’s tenants to develop this strategically located asset further,” said Aleksi Konsti, investment manager at CapMan Real Estate. “Logistics assets serve strong demand trends such as ecommerce, and we see great potential in the development of well-located a

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