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Stendorren Fastigheter AB has entered into an agreement to acquire a fully leased property portfolio in Helsinki for SEK 1.3 billion. The company expects the transaction to lift income from property management per share by 13 percent on an annual basis. The assets have an average remaining lease term of just over three years, ensuring stable near-term cash flows. The acquisition will be funded through existing cash and bank financing, with closing planned for 20 February 2026, further strengthening Stend's Nordic portfolio.
Stendorren Fastigheter AB has agreed to acquire a strategic property portfolio in Helsinki for a total consideration of SEK 1.3 billion, strengthening its presence in the Finnish real estate market. The company stated that the transaction will significantly enhance its earnings capacity on an annual basis once the deal is completed. Advertisement
According to the company's disclosure, the acquisition is expected to increase income from property management per share by around 13 percent, reflecting the immediate contribution of the assets to cash flows. The portfolio is fully leased, providing stable rental income, and has an average remaining lease term of just over three years, which offers medium-term visibility on revenues.
Stendorren also indicated that the transaction will be financed through a combination of existing cash reserves and bank financing, allowing the company to maintain financial flexibility while expanding its asset base. The closing of the acquisition is scheduled for 20 February 2026, subject to customary conditions.
The Helsinki deal aligns with Stendrren's broader strategy of focusing on properties in strong metropolitan regions in the Nordic countries. In recent years, the company has steadily expanded outside Sweden, particularly in Finland, where demand for well-located commercial and logistics assets has remained resilient despite broader market uncertainties.
Source Reuters
5th Jun, 2025
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