Kielo makes its second acquisition in Finland
The real estate company Kielo, managed by Brunswick Real Estate, has acquired nine office properties in the Finnish city of Jyväskylä.
The recently established real estate company Kielo has made its second Finnish investment, acquiring an office portfolio from the property company Technopolis, listed on the Helsinki Stock Exchange.
The properties are located in central Jyväskylä and comprise approximately 49,000 square meters of modern office premises. The acquisition also includes the current Technopolis management organisation in Jyväskylä, which will become part of the Kielo organisation. The transaction is expected to close before 2017 year-end.
Erik Widmark, Partner at Brunswick Real Estate says:
”This portfolio fits perfectly within the Kielo investment strategy. Jyväskylä is a strong and growing market and these office properties represent some of the highest quality office stock in the city.
Kielo will continue with the well-established service concept that Technopolis has developed. As part of the transaction, we are excited to announce that the current local Technopolis Jyväskylä team will become part of the Kielo organisation.
We look forward to finding more exciting opportunities in the Finnish market and continuing to build the Kielo business.”
Kielo’s investment strategy is to focus on high-quality assets in growing Finnish regional cities. Kielo was established in October 2017 and the acquisition in Jyväskylä is the company’s second Finnish investment. The aim is to create an attractive real estate portfolio that provides high and stable returns with significant growth potential through active local asset management.