Recent work | March 28, 2022

Roschier advised WasaGroup Funds in the divestment of a retail property portfolio

WasaGroup Funds have sold a real estate portfolio consisting of five retail assets located in Vaasa, Finland to Serena Properties AB. Roschier advised WasaGroup Funds in the transaction.

The assets are centrally located in Vaasa and consist of approximately 32,000 square meters of lettable area, leased to reputable tenants with predominantly long-term leases.

The properties have been developed within the Wasa360 concept whereby WasaGroup has handled the planning, construction, financing, letting and maintenance of the properties.

Serena Properties AB is a joint venture of Swedish listed company Balder and Redito, and focuses on Nordic retail properties.

Roschier’s main advisory team comprised Antti-Jussi Partanen, Stefan Wikman, Elisa Panula and Elina Uitto.