PPI acquires a care property in Helsinki
Finland, Aug. 11 -- Public Property Invest ASA ("PPI") has agreed to acquire a high-quality care property in Haaga, Helsinki, Finland for EUR 14.8 million.The property is currently under construction with an estimated completion date in August 2026 and will comprise a total lettable area of 4,730 sqm. The property will provide modern care facilities in Helsinki.The property is pre-let to a leading care operator on a 15-year lease contract. In Finland social services are government funded. The property is expected to generate gross rental income of approximately EUR 1.3 million upon completion.The development is designed to meet high environmental standards and is targeting BREEAM Excellent certification, is taxonomy compliant, and will achi...
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