Cordea Savills' Pan European Property Fund has acquired a 12,000 m[sup]2[/sup] office building in Finland for an undisclosed amount. The building, located in the city of Hyvinkaa, north of Helsinki, is entirely let to Finnish electric group Elektroskandia OY. The transaction reflects a net initial yield of 8,2%.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
