Elite Alfred Berg’s €20 Million Acquisition of a Commercial Real Estate Portfolio in Finland

Roschier acted for WasaGroup Funds.

WasaGroup Fund III Ky, a fund managed by WasaGroup Funds Oy, has divested a commercial real estate portfolio to Elite Finland Value Added Fund II Ky, a fund managed by Elite Alfred Berg.

The value of the portfolio exceeded EUR 20 million. The target properties are located in five different locations in Finland and have been developed by WasaGroup. The properties are leased out with long term lease agreements to tenants, which include K Caara, Ahlsell, Tokmanni, Puuilo and Autoklinikka.

WasaGroup Funds Oy is an all-Finnish joint-stock company that works as the administrating company for all the WGF-real estate funds. WasaGroup Funds Oy is an administrator for alternative fund, registered by Financial Supervisory Authority.

The Roschier’s core advisory team comprised Antti-Jussi Partanen (Picture), Stefan Wikman, Mikko Saarve and Liisa Alahuhta.

Involved fees earner: Liisa Alahuhta – Roschier; Antti-Jussi Partanen – Roschier; Mikko Saarve – Roschier; Stefan Wikman – Roschier;

Law Firms: Roschier;

Clients: WasaGroup Funds;

Author: Federica Tiefenthaler