UrbanLight strengthens Helsinki Metropolitan Area portfolio with strategic warehouse acquisition

UrbanLight, the Finnish light industrial and logistics platform established by Alma Property Partners and Alea Partners, has acquired a modern warehouse property located at Koskelontie 22–24 in Espoo through a sale-and-leaseback transaction, further expanding its presence in the Helsinki Metropolitan Area.

The property comprises over 6,000 sqm of lettable area on a plot exceeding 18,000 sqm. Strategically located in Koskelo, one of the Helsinki Metropolitan Area's established industrial and logistics submarkets, the asset benefits from excellent transport connectivity, strong occupier demand, and significant long-term development potential.

As part of the transaction, the seller has entered into a long-term lease agreement and will continue to occupy the premises.

“The property has been on our radar for some time, and we are very pleased to add another high-quality asset with strong operational fundamentals to the portfolio. This also marks our first investment in Espoo and further strengthens our presence in the Finnish capital region,” says Mikko Haapalainen, Founding Partner at Alea Partners.

Since completing its first acquisitions in early 2024, UrbanLight has grown its portfolio to approximately 55,000 sqm of lettable area.

The portfolio benefits from highly attractive locations, large site areas, significant remaining building rights, a diversified high-quality tenant base, and long lease maturities. UrbanLight has also made significant investments to improve the energy efficiency of its assets, resulting in a portfolio with strong sustainability credentials and enhanced operational performance.

“We have built the portfolio primarily through off-market transactions, and the Koskelontie acquisition is another good example of our sourcing capabilities and approach. The asset is a highly complementary addition to the portfolio and further reinforces the characteristics that underpin our strategy, including attractive locations, long-term development potential, and embedded value through substantial site areas and unused building rights,” adds Robert Landtman, Partner at Alma Property Partners.