Public Property Invest ASA (“PPI”) acquired a life science property under development in Otaniemi, Espoo — adjacent to their earlier school acquisition in Helsinki — strengthens their position in critical infrastructure and underlines their long-term commitment to the Finnish market.

The 15,700 sqm asset is fully pre-let to Relex Solutions and HOK-Elanto on long-term leases averaging over 10 years. At completion, the property will have superior ESG credentials: A-level energy class, a LEED Platinum environmental certification and WELL Platinum certification will be pursued. Additionally, on-site energy production will be developed, for example in form of solar panels.

Mrec Investment Management is PPI’s local partner overseeing operations and development.