Keva and Aktiivitilat have joined forces to establish a new property investment company targeting light industrial properties, with a planned investment volume of approximately €200 million. The new entity, named Suomen Hallikiinteistöt Ky, will focus on investing in storage and production facilities across the Helsinki metropolitan area, with potential expansion to Tampere and Turku in the future.
This marks Aktiivitilat’s third venture in this property segment. Their first investment company, Aktiivihallit Ky, was sold to Blackstone company last summer, while their second company, Aktiivihallit II Ky, is focused on developing its existing assets.
“The experiences in the hall property market have been very positive,” said Jukka Torvinen, CEO of Aktiivitilat. “Occupancy rates have remained high, and we continue to identify attractive investment opportunities.”
Torvinen highlighted key factors driving the market, such as energy renovations, maintenance needs, and shorter lease terms, which emphasize the importance of specialized firms like theirs. “With Keva’s investment expertise, the joint venture stands on solid ground. Finnish capital, an agile acquisition process, straightforward transactions, and strong industry know-how will be our strengths,” he added.
Keva, which has previously achieved success in logistics property investments, sees this partnership as an opportunity to broaden its investment horizon. “Aktiivitilat’s expertise in the high-yield, labor-intensive warehouse and production hall segment allows us to diversify effectively,” said Carl-Henrik Roselius, Keva’s Director of Property Investments.
Tapani Piri, a partner at Aktiivitilat, described light industrial properties as an evolving part of the investment market. “In recent years, light industiral properties have become attractive investment targets, but the development is still in its early stages. While individual properties carry risks and are small in scale, portfolios of halls generate strong cash flow and predictability, driving both investor demand and financing opportunities,” Piri explained.
Suomen Hallikiinteistöt Ky has already begun evaluating its first potential investments and is actively searching for additional opportunities. With a combination of Finnish capital and specialized expertise, the company aims to solidify its position in this growing segment of the real estate market.