Mrec advised Episurf Medical AB (publ) on its first Finnish acquisition

Mrec acted as an advisor to Episurf Medical AB (publ), a Nasdaq Stockholm-listed Nordic property company, on its entry into the Finnish market through the acquisition of two logistics and warehouse properties in Helsinki and Kerava for EUR 33.6 million, acquired from Julius Tallberg-Kiinteistöt.

The transaction marks Episurf’s first investment in Finland and represents a further step in its strategy of building a diversified, cash-flow-focused Nordic property platform. The properties comprise approximately 27,000 sqm and are let to strong tenants, including Gigantti Oy Ab and TIP Trailer Services Finland Ab, with a weighted average unexpired lease term (WAULT) of 3.4 years. The portfolio is expected to generate annual net operating income of approximately EUR 2.5 million, corresponding to a net yield of approximately 7.5 percent.

By facilitating this kind of international investment, Mrec continues to contribute to transaction activity and liquidity in the Finnish property market, bringing new market participants into the local economy.

“The acquisition marks Episurf’s entry into the Finnish property market and represents a further step in building the Company’s Nordic property platform, with a continued focus on cash-flow-generating assets with strong tenants and stable occupancy,” says Jens Andersson, CEO of Episurf Medical.

The properties will be managed by Mrec Investment Management going forward.

Read more:

https://www.episurf.com/cision/episurf-medical-enters-the-finnish-property-market-with-the-acquisition-of-logistics-properties-in-the-helsinki-area-for-eur-33-6-mn