Waterhouse Real Estate Inv. Oy has acquired the residential portfolio of UPM
UPM-Asunnot Oy has sold its residential portfolio to the Danish-Finnish real estate investment company Waterhouse Real Estate Investment Oy for US$91 million.
The main owner of Waterhouse Real Estate Investment Oy is the Danish real estate development company KE PROJECT A/S. The company was founded in 1993 and it has operations in Denmark, Sweden and South Africa.
UPM-Asunnot Oy owns around 2,000 rental apartments throughout Finland. Situated mainly in the same locations where UPM has its production units, the apartments were originally built as company housing. Most of the tenants are not employed by UPM so the company has decided to sell the apartments. The deal has no impact on rental relations.
Oaklins' team in Finland advised the buyer in this transaction.
Talk to the deal team
Related deals
RCN Vakantieparken has attracted international investor Blackstone to drive growth
RCN Vakantieparken, a leading owner and operator of spacious holiday parks and campsites across the Netherlands, France and Germany, has been acquired by Blackstone, a premier global investment firm. Blackstone will support the management team’s vision for the business and accelerate RCN’s growth potential with significant investment across its parks, while retaining its strong brand identity.
Learn moreHemink Groep has been acquired by Gimv
Gimv has acquired a majority stake in Hemink, a Dutch specialist in real estate renovation and maintenance. This transaction marks a new chapter for Hemink, as it seeks to expand its position as a national leader in sustainable property services through its new partnership with Gimv.
Learn moreBodegas San Francisco Perú has acquired Aldea Logística Global
Bodegas San Francisco Perú (BSF) has acquired Aldea Logística Global S.A. (ALG) for US$160 million. The acquisition was fully financed through a syndicated loan and represented a strategic opportunity for BSF to expand and consolidate its presence in the Peruvian real estate sector. The transaction added approximately 273,000 square meters (sqm) of gross leasable area (GLA) in Villa El Salvador, one of Peru’s most sought-after logistics hubs, bringing BSF’s total GLA in Peru to over 929,000 sqm.
Learn more