GLL Real Estate Partners has bought a logistics portfolio in Finland comprising five properties and 1.45 million square feet of commercial space on behalf of Korean investors.
The sales price was not disclosed. The seller of the portfolio was Ness, Risan & Partne, a Norwegian investment manager specializing in alternative investments.
The acquisition represents the first Korean institutional investment in the Finnish real estate market.
Finland’s economic growth is primarily driven by the country’s increasing private consumption and improving transport infrastructure. The country's geographical location favors trade with countries in Northern Europe and helps attract foreign investors, according to Transportation and Logistics Market Insights – Finland report.
A key long-term factor that will contribute to the enrichment of the Finnish economy is the constructive partnership between trade unions, the government and companies. F
