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FinCap Property Development Ltd (Kiinteistökehitys Oy) has sold a medical center and hospital property under construction in the heart of Vaasa. The entire property has been leased to Mehiläinen under a long lease. The buyer is the international real estate investor Cofinimmo, managed by Mirabel Partners Ltd. Cofinimmo is listed on the Brussels Stock Exchange and the transaction is its first investment in Finland.

The property is located in the heart of Vaasa, right next to the market square. Construction work on the six-story medical center is well under way and will be completed in the fall of 2021. The building covers an area of ​​approximately 4,200 square meters. The entire property has been leased to Mehiläinen under a 20-year lease. The property will have facilities for a medical center, occupational health service, Hospital Mehiläinen, Sport Mehiläinen and Tooth Mehiläinen.

“We are very proud that Cofinimmo has made its first property acquisition in Finland with FinCap. Confidence in our operations is also reflected in the fact that the property will be purchased already during the construction phase”, says Janne Kotamäki, CEO of FinCap Ltd.

 

The FinCap Group is a Finnish property company focused on the development of real estate assets. Our four real estate business lines are development, funds, asset management and real estate brokerage (Suomen Kotijoukkue Ltd). The Group’s turnover was approximately EUR 21 million in 2019.

 

 

Additional information:

 

Raoul Konnos
CFO
FinCap Property Funds Ltd
raoul.konnos@fincap.fi
tel. +358 40 5155 893

 

www.fincap.fi