Prisma Properties has signed an agreement to acquire three retail properties in Finland. The acquisition is made at an underlying property value of approximately EUR 16 million. The properties comprise a total of around 15,400 square meters of lettable area and are primarily leased to discount retailers.
The annual rental value amounts to approximately EUR 1.5 million. The properties are located in Lohja, Forssa and Kemiö in southwest Finland, in retail areas with strong micro-locations. Two of the properties are newly built, completed in 2022 and 2024 respectively.
Nearly 90% of rental income is generated from discount retailers Puuilo, Jysk, Rusta, Jula and Tokmanni. The average portfolio?s remaining lease term (WAULT) amounts to 7.5 years. The properties are acquired at an attractive yield, and the transaction is expected to increase earnings capacity per share by approximately 2% compared with Prisma Properties' latest interim report.
Closing took place on 1 April. The sellers are private Finnish investors. The transaction is financed through a combination of debt and equity.
Legal advisor: Erottaja Attorneys. Technical advisor: Naava Partners. Tax and financial advisor: Navigator Partners.

















