Prisma Properties has signed agreements to acquire five big-box properties in Finland through two separate transactions. The portfolio consists of four completed assets and one development project scheduled for delivery in the third quarter of 2026. The acquisitions represent a total underlying property value of EUR 31 million and comprise 20,000 square meters of lettable area. The annual rental value is EUR 2.5 million.
Four Standing Big-Box Properties Acquired from Innovestor
The first transaction includes four modern, fully leased big-box properties acquired from the Finnish investment manager Innovestor at an underlying property value of EUR 23.5 million. These assets total approximately 15,000 square meters, corresponding to a price level of 1,567 €/m².
Based on the seller’s web page and pictures published in connection with the press releases, the properties are:
- Nurmijärvi (Klaukkala) – Constructed in 2022, located in the Klaukkala area and leased to Gigantti, Musti ja Mirri and Jysk.
- Lohja (Tynninharju) – Completed in 2007 in the Tynninharju retail area, leased to Gigantti, Liikku, Power and Musti ja Mirri.
- Järvenpää – Built in 2020 and leased to Rusta.
- Hämeenlinna (Tiiriö) – Constructed in 2021 in the Tiiriö area and leased to Rusta.
All four assets are located in established retail zones and have an average remaining lease term (WAULT) of 5.5 years.
Forward Purchase of a New Big-Box Development
The second transaction is a forward purchase agreement with the property developer Tekova, valued at EUR 7.5 million. This represents a price level of 1,500 €/m² for the planned 5,000-square-meter big-box development.
Tekova has not published detailed information regarding tenants or the exact site in Raasepori. Public information shows that the company received an exemption permit last summer to construct a 5,000-square-meter retail property in the Karjaa area of Raasepori. The planned site is located next to K-rauta and could potentially be the asset included in the transaction.
The development is fully pre-let on 10-year leases to two discount retail operators. Completion is expected in the third quarter of 2026.