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Pembroke recently acquired a 190,000 square meter (2,000,000 sf) Nordic portfolio of twelve office/retail buildings located in Stockholm, Oslo and Helsinki. The properties in Helsinki consist of Aleksis Kiven katu 3-5, 7 and 9, Flemingkatu 27 and Satamaradankatu, which total approximately 60,000 square meters.
The Nordic economies have outperformed the European average over the last several years, and the performance of these capital cities have been important drivers of regional growth. Over the long-term, globally-competitive industries in these markets may provide opportunity for sustained growth. Pembroke’s entry into the Nordic region enables us to broaden our European market exposure and gain access to attractive real estate markets.
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