Catella : advised ContiTech Finland Oy in the sale of a development property in Tampere
December 29, 2023 at 01:52 am EST
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29 December 2023, Finland | Corporate Finance | News
Catella advised ContiTech Finland Oy in the sale of a development property in Tampere
Catella acted as the exclusive financial advisor to ContiTech Finland Oy, a subsidiary of the international Continental Group, in the sale of a 5.5 hectares development property in Myllypuro, Tampere to Aare Invest Oy and also in the leasing of its new building.
The property has served as a manufacturing site for industrial conveyor belts for over 60 years. Aare Invest Oy is developing new warehouse, logistics and production premises on the property and ContiTech Finland Oy will simultaneously lease 2,650 sqm of new premises from Aare Invest Oy in Jasperinkuja, Pirkkala with a long-term lease agreement. The premises at both properties will be constructed by Meijou Oy.
The floor area of the divested premises is approximately 12,200 sqm, of which circa 11,000 sqm is lettable. The current zoning plan enables circa 15,000 sqm of new construction on the site and also additional 15.000 sqm construction.
Both Myllypuro as well as Jasperinkuja have excellent logistical positions along the Tampere Ring Road.
For more information, contact:
Pertti Miettinen
Sales Manager
Tel. +358 40 0624 801
pertti.miettinen@catella.fi
Petteri Heikkinen
Director
Tel. +358 40 7301 669
petteri.heikkinen@catella.fi
Catella AB published this content on 29 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 December 2023 06:50:32 UTC.
Catella AB is a Sweden-based company active in the financial sector. Its business is divided into two segments: Corporate Finance and Asset Management. The Corporate Finance operations offer financial advisory services in the areas of sales and acquisitions, debt and equity, and valuation and research. The Asset Management offers institutions, companies and individuals financial products and advisory services in the areas of fund management and wealth management. The Company operates through more than 30 offices in Sweden, Denmark, Estonia, Finland, France, Luxembourg, Germany, Italy, Latvia, Lithuania, Norway, Spain and the United Kingdom. It has a subsidiary active in the real estate sector, Link Prop Investment AB, and holds majority stakes in EKF Enskild Kapitalforvaltning AB and IPM Informed Portfolio Management (IPM).
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