A unknown funds managed by Blackstone Inc. (NYSE:BX) agreed to acquire Aktiivihallit Ky from Aktiivitilat and NREP A/S for approximately ?135 million on June 24, 2024. The ?Aktiivihallit Ky? portfolio comprises 22 warehouse properties with a total leasable area of approximately 133,000 square metres.

80% of the properties are located in the Helsinki metropolitan area. The completion of the sale requires approval by the Finnish Competition and Consumer Authority, which is expected by the end of July 2024. Nrep was advised by JLL as commercial advisor, Avance as legal advisor and PwC as accountant on the transaction.

Blackstone was advised by Cushman & Wakefield as real estate advisor, Antti-Jussi Partanen and Ami Paanajärvi of Roschier as legal advisor, PwC as accountant.