The Elite Finland Value Added Fund II Ky, a real estate development fund managed by Evli Fund Management Company, has sold a portfolio of seven industrial and logistics properties to a Finnish subsidiary of the listed Swedish real estate company Fastighets Ab Balder. The portfolio comprises approximately 25,000 square meters of leasable area and is located in Oulu, the Tampere region, Seinäjoki, and Kuopio.
This transaction marks the third divestment by the fund since the previous autumn, when it began actively seeking exit opportunities for assets in its closed-end structure. The fund has now sold all its commercial properties outside the capital region, with the exception of one development site in Turku. The sale is in line with the fund’s strategy, and the project’s return exceeds the fund’s target.
The acquired properties include several located in the Tampere region, specifically on Vaaksakuja 1, Kuukuja 2–4, Lumpeenkatu 4, and Lumitie 3. The other properties in the portfolio are situated on Tuottajantie 38 in Seinäjoki and Konekuja 2–8 in Oulu. The sites host a diverse group of tenants, including international companies such as Bosch Rexroth, Ahlsell, and Dahl, as well as Finnish firms like Sukkamestarit, Tammermatic, and Screentec.
JLL acted as the commercial advisor to Evli in the transaction. Legal advisory services were provided by DLA Piper Finland Attorneys.