Urban Partners Sells 10 Finnish Logistics Assets to Catena

Urban Partners has agreed to sell a portfolio of 10 logistics properties in Finland to Swedish-listed property company Catena for €191 million.

The transaction covers approximately 142,300 square metres of logistics space, with most assets located within the Helsinki-Tampere-Turku triangle.

The portfolio was held through Nordic Strategies Fund V and Income+, Urban Partners' open-ended real estate fund.

The sale represents a significant transaction in the Nordic logistics property market and expands Catena's presence in Finland.

Portfolio Covers Key Finnish Logistics Locations

The 10 properties are concentrated primarily in the Helsinki-Tampere-Turku triangle, a key logistics corridor in Finland.

The portfolio comprises modern logistics facilities in strategic locations, supporting occupier demand and access to established infrastructure.

Environmental performance is a central feature of the portfolio. Most of the properties have EPC A energy performance ratings, while all assets hold BREEAM certifications.

The buildings also incorporate renewable energy solutions and modern technical systems designed to support energy efficiency and operational performance.

Catena Expands Its Finnish Logistics Presence

The acquisition strengthens Catena's position in Finland, its newest market. The company said the portfolio adds modern properties in important logistics locations and brings established tenants into its portfolio.

Jörgen Eriksson, CEO of Catena, described the transaction as a strategic fit for the company. He said the acquisition, together with previous Finnish purchases, gives Catena a solid platform in the market.

The transaction also builds on an existing relationship between the two companies following an earlier logistics property deal.

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Urban Partners Continues Finnish Logistics Investment

Urban Partners has remained active in the Finnish logistics market throughout 2026. In March, the company acquired approximately 125,000 square metres of logistics space in Finland from DSV.

Five properties included in the Catena transaction came from that acquisition. Three other former DSV assets were sold to Logian earlier in the year.

Jani Nokkanen, Co-Head of Real Estate and Chief Investment Officer at Urban Partners, said Finland benefits from resilient occupier demand and established infrastructure.

He added that the transaction demonstrates the company's ability to develop performing assets in strategic logistics locations and create liquidity for investors.

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Urban Partners Maintains Focus on Logistics

Urban Partners, established as Nrep in 2005, manages approximately €25 billion in assets across Northern Europe. The company said logistics remains a core investment theme and that it continues to identify opportunities to expand its presence in Finland.

The sale to Catena highlights continued activity in the Finnish logistics property market, with both companies pursuing strategies focused on modern assets and established logistics locations.

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