The Skanssi shopping center is one of the leading shopping centers in the Turku region with excellent ESG credentials. Trevian Asset Management Oy will act as the operating partner, responsible for the shopping center’s commercial management and development.
The ownership of the Skanssi shopping center in Turku, Finland, has transitioned to a group of investors whereby a fund managed by Swiss Life Asset Managers in the Nordics is the largest owner. Swiss Life Asset Managers in the Nordics is headquartered in Oslo, Norway with additional offices in Sweden and Denmark.
“We are excited about this acquisition. The shopping centre boasts a great location, a diverse tenant- and customer base, and excellent ESG credentials”, says Kristian Korbu, Senior Transaction Manager at Swiss Life Asset Managers, Nordic.
Trevian Asset Management Oy is known for its expertise in managing shopping centers throughout Finland and will serve as the operating partner, taking charge of commercial management and development.
“Together with Trevian Asset Management we look forward to improving Skanssi as a shopping hub in southwestern Finland”, says André Møller, Senior Portfolio Manager at Swiss Life Asset Managers, Nordic.
This is the final investment in the ninth Nordic focused core-plus fund, completing a portfolio primarily focused on logistics, retail, and office assets, strategically diversified across Sweden, Denmark, and Finland. The fund's projected annual dividend yield exceeds 7%. Since 2000, Swiss Life Asset Managers in the Nordics has managed eight core-plus funds, delivering an average annual net return to investors exceeding 17%. This exceptional track record has earned numerous awards, including the 2023 Preqin award for Top Performing Real Estate Core & Core Plus Fund Manager in Europe.
After a successful completion of fund nine, Swiss Life Asset Managers in the Nordics are already underway with the tenth Nordic core-plus fund. The fund is in the process of raising capital and has also made its first investment.
Source: Cushman and Wakefield
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