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CapMan Real Estate acquires airside logistics and last mile asset at Turku Airport


CapMan Real Estate press release
21 June 2022 at 3.00 p.m. EEST

CapMan Real Estate acquires airside logistics and last mile asset at Turku Airport

CapMan Nordic Real Estate III fund has acquired an airside logistics and last mile asset from AVIA Real Estate Oy, a property investment and development company. The property is unique due to its location at Turku Airport adjacent to the airport’s runway. It serves both air and ground freight and is a significant node in the Finnish and Nordic logistics network. The main tenants are TNT FedEx and DHL Express.

“We are very pleased with the acquisition of the first logistics property for the fund in this sought-after segment. We are looking forward to the co-operation with the property’s tenants to develop this strategically located asset further. Logistics assets serve strong demand trends such as e-commerce, and we see great potential in the development of well-located and high-quality warehouse and logistics properties through e.g. sustainability aspects and leasing activities,” says Aleksi Konsti, Investment Manager at CapMan Real Estate.

Helix Real Estate and Hannes Snellman Attorneys acted as advisers for CapMan in the transaction.

“We have clear strategy to focus on developing the Avia City as an urban airport city and now was the right time to divest this asset. We are very pleased that the asset found a great new owner who understood the importance of the property to the whole logistics network of Finland as a hub of air-, maritime- and road transportation of cargo. The domesticity of the buyer was also important for AVIA Real Estate”, comments Ilkka Pitkänen, CEO of AVIA Real Estate Oy.

JLL Capital Markets Finland and HPP Attorneys acted as advisers for AVIA Real Estate in the transaction.

CapMan Real Estate currently manages approximately €4.0 billion in real estate assets and the Real Estate Team comprises over 60 real estate professionals located in Helsinki, Stockholm, Copenhagen, Oslo and London.

For additional information, please contact:

CapMan Real Estate: Aleksi Konsti,, +358 400 815 123

AVIA Real Estate Oy: Ilkka Pitkänen,, +358 40 667 0906

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. Our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We have been listed on the Nasdaq Helsinki since 2001. Read more at