Advium advises Kesko on the largest real estate investment transaction in Finland this year


Advium Corporate Finance advised Kesko in a transaction where Kesko Group has sold 13 retail store properties located in different parts of Finland to Varma Mutual Pension Insurance Company. The debt-free selling price of the properties was EUR 156 million. Additionally, one property owned by Kesko Pension Fund was sold.

All of the above properties have been leased back for use by Kesko’s division parent companies under 5-15-year leases with extension options.

Out of the 13 Kesko Group properties included in the sale, eight are used by K-food store chains, three by K-rauta, one by the Anttila department store chain and one by VV-Auto. The transaction does not involve changes to the stores’ operations. The total area of the properties sold by the Kesko Group is 111,000 m².

The transaction was the largest real estate transaction carried out in Finland in 2009.

30.10.2009 - Advium advised NREP

Fennia Life Insurance Company Ltd has acquired from NREP Finland 4 Ltd its wholesales-warehouse. The building was leased to K...

22.09.2009 - Advium advises Rettig

Rettig becomes the major shareholder in Nordkalk. As a result of the transaction Rettig’s ownership in Nordkalk increas...

11.08.2009 - Advium advises SEB

Skandinaviska Enskilda Banken AB (publ) (Helsinki Branch) has sold 11,958,000 Alma Media Ltd shares to Ilkka-Yhtymä Ltd ...

06.08.2009 - Forum Capita acquires shares in Oy Kamppiparkki Ab

Stockmann Oyj sells all its shares in Oy Kamppiparkki Ab to the real estate fund Fastighetskapitalfonden Forum Fastighets Kb....

01.07.2009 - Advium Corporate Finance will be acquired by members of its personnel

Advium Corporate Finance will be acquired by members of its personnel from eQ Bank Ltd. Advium is a leading financial advisor...

14.05.2009 - Advium advised Raisio on the divestment of its margarine business

Raisio sells its margarine business to Bunge Limited for 80 million euros. The transaction encompasses the margarine plants i...