‘An opportunistic property company such as Nyfosa does not currently exist in Finland, and Nyfosa believes that there are attractive business opportunities,’ the company said in a statement.

The acquisition focus will be in line with Nyfosa’s operations in the Swedish market. It will include all asset classes except residential properties and will be focused on Finnish regional towns and cities. ‘Nyfosa sees an opportunity to establish a diversified property portfolio that will positively contribute to growth in cash flow per share,’ it added.

Brunswick Real Estate, which has operated in the Finnish market since 2006, will lead operational activities relating to transactions, property management and sustainability under a management agreement. The company is initially 90% owned by Nyfosa and 10% by Brunswick Real Estate.

‘After having monitored the Finnish market for some time, we can see that there are attractive business opportunities in the country that have the potential to offer solid returns. We have high ambitions and our goal is to grow quickly, provided we identify the right business deals. By leveraging the joint strengths of both companies, coupled with a strong capital and bank market, we have the right opportunities to achieve this goal. We have a transaction pipeline that we are evaluating,’ said Stina Lindh Hök, CEO of Nyfosa.