Avance advises Storebrand Real Estate, a leading Nordic real estate fund and asset manager, in the acquisition (through the newly established core plus fund SNRE II) of two residential properties in Espoo, Finland. The sellers are part of Nasdaq Helsinki listed Citycon and Toivo Group, respectively.
The acquisitions are Storebrand Real Estate’s first direct investments in Finnish real estate. The total value of the transactions amounts to approximately EUR 80 million.