Fennia and Fennia Life divest residential portfolio

Avance advises Fennia and Fennia Life in the divestment of a portfolio of six residential properties with altogether 334 apartments and a lettable area of 18,535 to the PanEuropean Fund “Catella Wohnen Europa”, advised by Catella Residential Investment Management (CRIM). Catella Asset Management Oy acted as a local partner for buyer. The properties were built in 2011 and are virtually fully let, located in the Helsinki region as well as in the major university cities Tampere and Jyväskylä.