JLL advised on landmark sale of 14 light industrial properties to Stendörren

The purchaser is Swedish listed company Stendörren, who significantly increases their footprint in Finland with this acquisition. The purchase price of the portfolio is approximately 1.3bn SEK. The properties are situated in Finland's primary logistics submarkets in the immediate vicinity of Helsinki Airport. The portfolio has a total leasable area of ca. 63,000 sq m.

Antti Pelli, Senior Director, Capital Markets, JLL Finland: "We feel very excited to have had the privilege to be part of this momentous transaction. This type of portfolio is traded once in a generation, and it is truly exceptional to have buildings of such high quality in such central locations. The fact that JLL was selected to advise on this sale speaks volumes of our capability and track record as number one advisor for I&L transactions in Finland. The opportunity gained widespread interest among Nordic and international investors and continues to demonstrate the robust demand for industrial and logistics assets. The transaction is also one of the biggest in the I&L segment in Finland in recent years and contributes to surging liquidity in the Finnish market. We want to thank and congratulate both the seller and the buyer for a smooth process and successful transaction."

JLL acted as commercial advisor to the seller in the transaction and Avance Attorneys acted as legal advisor.