Quadoro snaps up mixed-use Turku asset

German real estate investor Quadoro Doric has acquired a mixed-use development in Turku, Finland.

Financial details were not disclosed.

The mixed use office and retail building is positioned in a central location, according to the firm, and comprises 10,180 m2 of lettable area over four storeys and a basement.

'This is our second acquisition in 2019 working with Quadoro. Turku is a growing city and together with Quadoro we see exciting potential for this property moving forward,' said Niels Keergaard Christiansen of broker NCAP, which advised on the acquisition.

We continue to see opportunity in the Finnish market and will continue our strong focus on it during 2019,' Christiansen added.

The building was constructed in 1975 and has 203 parking spaces in an adjacent car park. There are retail stores at ground floor and basement levels and a fitness studio, a clinic and offices on the upper floors.
Tenants include Kesko, Tokmanni, Pihlajalinna, Q-park and Barona Group.

Last month, NCAP advised Quadoro on the acquisition of a mixed-use Helsinki asset.



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