is investing 鈧�101m to buy a residential property project in Finland from developer SRV.
The T7 Tower project in central Helsinki, comprising 240 apartments across a 24 storeys property, will be completed end of 2023.
Johan 脰hlund Lagerdahl, country head Finland at Patrizia said: 鈥淭his investment presented us with an exciting opportunity to purchase a modern residential asset with high-quality apartments and strong sustainability credentials that benefits from excellent connectivity.鈥�
Lagerdahl said the Finnish residential market is supported by strong fundamentals and this latest deal follows Patrizia鈥檚 acquisition of a portfolio of multifamily residential properties in Helsinki earlier this year for around 鈧�145m.
J枚rg Laue, the head of Patrizia鈥檚 transactions in the Nordics, said: 鈥淧atrizia has a strong track record over many years in the residential sector and this deep-rooted expertise allows us to source investments across Europe, including in the Nordics, where our footprint has expanded significantly in recent years.
鈥淎nd Finland remains a key target for Patrizia and we continue to look for additional investment opportunities as we build our exposure here further.鈥�
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