Pontos acquires NREP’s stake of the NREP C1 real estate portfolio, resulting a 100% ownership of the portfolio for Pontos.
The portfolio includes ten logistic, warehouse and retail properties across Finland with total leasable area of 95 500 sqm.
As a result of the investment, Pontos will expand its operations into real estate management. The recently appointed Head of Real Estate, Ville Jokela, has strong expertise and excellent network for property development, leasing and sales. In addition, Pontos will co-ordinate facility management including leasing, asset management and property management with reliable partners.
The future plans for the portfolio include portfolio and property development, additional leasing and sales activities. Sales is to be made in smaller portfolios or individually.
“It is great to be able to use my core expertise and expand the business of Pontos by developing this property portfolio”, comments Pontos’ Head of Real Estate Ville Jokela.
We thank NREP for the successful and fluent co-ownership in the portfolio.
For more information:
Ville Jokela: +358 50 380 9701