Public Property Invest

PPI acquires a school and pre-school in central Helsinki in Finland

Public Property Invest ASA ("PPI") has through its subsidiaries acquired an

elementary school project in central Helsinki. The project is fully pre-let

and will be completed by the end of 2026. The total investment cost is

approximately EUR 27.5 million and generates a net initial yield of ca. 6.2%

at completion.

The total lettable area is approximately 5,000 sqm and is fully let to the

city of Helsinki and a private school. The property will be fully renovated

according to modern standards and high ESG targets. Annual net operating

income at completion is estimated to be approximately EUR 1.7 million. The

lease agreements have an average unexpired lease term of over 22 years.

"This acquisition in central Helsinki is a great next step on our growth path

in Finland and increases the quality of our portfolio. The cooperation with

the developer HGR Property Partners also initiates interesting future

possibilities. We continue looking for attractive investment possibilities in

Finland and of course the rest of our core markets", says Ilija Batljan, CIO

of PPI.

Contact

Ilija Batljan

CIO

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