Martin Schellein

Martin Schellein, Head of Investment Management Europe

The Nordics are a key driver of our growth strategy.

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Our acquisition profile in the Nordics

We are aiming for strong growth of our portfolio in the Nordics. The intention is to boost our real estate portfolio in Finland, Norway, Sweden and Denmark across all asset classes. Find out more about our acquisition profile and investment locations – we look forward to receiving your proposals and working with you. 

Sweden

  • Stockholm
  • Gothenburg
  • Malmö

Finland

  • Helsinki

Denmark

  • Copenhagen

Acquisition criteria and contacts for the Nordics

Offices

  • Office acquisition criteria in the Nordics
     
  • Core-, Core-Plus- and Value-Add-Investments
  • Investment volume of EUR 15 million upwards per property
  • Acquisition structure: asset deals and share deals
  • Financing: 100 per cent self-funded
  • Only properties suitable for third-party use
  • Acquisition of development projects by way of forward funding, possibly also projects with a low pre-letting level

Kubilay Oezbisikletci

Senior Investment Manager

Nordic Region, Turkey

Phone: +49 40 34919 4132

E-Mail: kubilay.oezbisikletci@union-investment.de

Residential

  • Residential acquisition criteria in the Nordics
  • Development projects, forward funding and forward purchase deals
  • Existing properties with recent construction dates
  • Individual properties from EUR 50 million upwards and portfolios
  • Sustainability criteria and future viability are a high priority
  • Financing: 100 per cent self-funded
     
  • Acquisition structure: asset deals and share deals
Friedrich Warmbold

Friedrich Georg Warmbold

Head of Investment Management Residential

Europe

Phone: +49 40 34919 4717

E-Mail: friedrichgeorg.warmbold@union-investment.de

Hotel

  • Hotel acquisition criteria in the Nordics
  • Hotel properties from EUR 20 million upwards
  • Focus on prime locations in metropolitan regions or secondary cities with excellent micro-locations
  • Established, creditworthy tenants/operators
  • 2 to 5-star segment
  • Business, trade show and airport hotels with a minimum of 140 rooms
  • Leases only, including with profit share elements
Andreas Löcher

Andreas Löcher

Abteilungsleiter

Investment Management Hospitality

Phone: +49 69 2567 3192

E-Mail: andreas.loecher@union-investment.de

Retail

  • Retail acquisition criteria in the Nordics
  • Urban retail properties in prime locations and pedestrian zones in areas with a population of 100,000 plus, from EUR 15 million upwards
  • Retail parks: very well positioned properties with a minimum size of 5,000 sq m and from EUR 10 million upwards
  • Shopping centres: with creditworthy tenants and predominantly retail use, from 25,000 sq m, in catchment areas of at least 250,000 inhabitants, from EUR 30 million upwards
  • Development projects and existing buildings
  • Can include taking on letting risk
  • No properties with limited suitability for third-party use
Henrike Waldburg

Henrike Waldburg

Abteilungsleiterin

Investment Management Global

Phone: +49 40 34919 4154

E-Mail: henrike.waldburg@union-investment.de

Logistics

  • Logistics acquisition criteria in the Nordics
  • Multifunctional warehouses
  • No specialist properties (e.g. high bay warehouse or hazardous goods warehouse)
  • Close proximity to major transport routes
  • Constructed in 2000 or later
  • Investment volume of EUR 10 million upwards per property
  • Only properties suitable for third-party use
Stephan Riechers

Stephan Riechers

Gruppenleiter

Investment Management Logistik

Phone: +49 40 34919 4268

E-Mail: stephan.riechers@union-investment.de

Our Nordics portfolio

From development projects to existing properties, we have built a strong portfolio in the Nordics in recent years. As part of our international growth strategy, we are aiming to more than double our investment over the coming years.

  • Hyperion

    Hyperion in Helsinki
    Residential property in Helsinki, Finland
  • Urban Environment House

    Urban Environment House
    Office property in Helsinki, Finland
  • F5

    F5 in Kopenhagen, Dänemark
    Retail property in Copenhagen, Denmark
  • Siemens U6

    Siemens U6 in Solna, Schweden
    Office property in Solna, Sweden
  • Kobbegarden 6:8

    Kobbegarden in Göteborg
    Retail property in Gothenburg, Sweden
  • The 12

    The 12 in Helsinki, Finnland
    Office property in Helsinki, Finland
  • Eventes

    "Eventes" in Helsinki, Finnland
    Office property in Helsinki, Finland
  • UPM

    "UPM" in Helsinki, Finnland
    Office property in Helsinki, Finland
  • Vattenfall HQ

    "Vattenfall HQ" in Solna, Schweden
    Office property in Solna, Sweden
  • Aleksanterinkatu

    "Aleksanterinkatu" in Helsinki, Finnland
    Retail property in Helsinki, Finland
  • Alberga A

    "Alberga A" in Espoo, Finnland
    Office property in Espoo, Finland
  • Hub

    "Hub" in Stockholm, Schweden
    Office property in Stockholm, Sweden
  • Proffa

    "Proffa" in Helsinki, Finnland
    Office property in Helsinki, Finland
  • U7

    "U7" in Solna, Schweden
    Office property in Solna, Sweden
  • EY HQ

    "EY HQ" in Helsinki, Finnland
    Office property in Helsinki, Finland

€1.36 billion

Assets under Management
 

That is the total invested by Union Investment in the Nordics since 2008. As one of Europe’s leading property investment managers with assets under management of some €47 billion, the Nordics are an essential part of our strategy – with huge further potential.

€ 531 million

Acquisitions in the last five years

We have steadily expanded our exposure to the Nordics in recent years and want to grow significantly faster here in future.

16 properties

Completed holdings

As an investor with a focus on the long-term, our key success factors include sustainability, a value-adding investment style and active asset management. We want to expand our current portfolio in the Nordics and are actively seeking attractive investment opportunities in the core, core plus and value-add segments. With over 50 years of investment experience, Union Investment is a reliable partner for your transaction.

1 project

Under development

Alongside existing buildings, our acquisition strategy is increasingly focused on development projects. The Urban Environment House in Helsinki involved the successful completion of a project based on stringent sustainability criteria. Our Hyperion residential project, also in Helsinki, is currently in the construction phase. Here again, the emphasis is on high building standards and sustainability. Other projects in Scandinavia’s metropolitan regions are at the planning stage. Our in-house Real Estate Project Management team provides expert support from the planning of a development right through to completion.

Your contacts for the Nordics

Talk to our experts about joint projects in the Nordics

Residential

Residential

Friedrich Warmbold
Head of Investment Management Residential

Logistics

Logistics

Stephan Riechers
Team Manager, Investment Management Logistik