JLL advised on the sale of Cramo campus in Vantaa

Terrieri Kiinteistöt Ky, A. Ahlström Kiinteistöt Oy, and S-Pankki Tontti Erikoissijoitusrahasto have sold a prime Industrial & Logistics (I&L) property located immediately adjacent to Helsinki Airport to Catena.

The modern facility was completed in 2021 and totals approximately 23,260 square meters of leasable area. The property is fully leased to Cramo Finland Oy, a leading Nordic equipment rental company and subsidiary of pan-European operator Boels Group. The 140,000 square meter plot also comprises additional development potential of approximately 45,000 square meters.

Leo Nilsson, Director, S-Bank Properties: "The asset has represented a high-quality and stable investment for our clients in a central logistics area. The transaction is a natural decision at this stage of the investment lifecycle and reflects strong investor demand for modern I&L properties in the Helsinki metropolitan area."

Johan Franzén, Head of Property, Catena: "We are making an attractive acquisition in one of Finland's most established logistics locations. The modern standard and the opportunity to further strengthen the relationship with Cramo contribute to stable cash flows going forward, while the building rights offer long-term development potential"

Heini Koivumäki, Director, Capital Markets, JLL Finland: "We're delighted to have advised on this successful transaction. The process highlighted strong interest in assets that meet key investment criteria: superb location with excellent connectivity, stable income from a market-leading tenant, and modern technical specifications with significant long-term development potential. We congratulate both the seller and the buyer on an exceptionally smooth process and thank them for their collaboration."

JLL acted as sole commercial advisor to the seller in the transaction. Castrén & Snellman acted as the legal advisor to the vendors and HPP as the legal advisor to the buyer.