Mrec has acted as the sole financial advisor in a real estate transaction between HGR Property Partners and Public Property Invest ASA (“PPI”). Through its subsidiaries, PPI has acquired a fully pre-let elementary school project in central Helsinki, marking a major step in its growing portfolio of social infrastructure assets.

The total investment amounts to approximately EUR 27.5 million, with the project expected to be completed by the end of 2026. In line with modern standards and ambitious ESG goals, the property will undergo a full renovation.  The development will feature a total lettable area of approximately 5,000 square meters. The entire space is leased to the City of Helsinki and a private educational institution. Lease agreements have an average unexpired lease term exceeding 22 years, providing stable long-term cash flow.