Quadoro Acquires Construction Project in Finland for Sustainable Special AIF

Quadoro Investment GmbH is the Alternative Investment Fund Manager of the open-ended special AIF Quadoro Sustainable Real Estate Europe (QSREE), and as such has acquired the "Boulevard Järvenpää" project development in southern Finland for the fund.

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The construction project, which is scheduled for completion by November 2022, is located in Järvenpää, one of Finland's fastest growing cities, and is part of the Helsinki metropolitan area. The seller is the construction company YIT Finland Ltd.

The office building will be constructed according to the LEED Gold standard and will comprise a flexible lettable area of around 6,600 m² distributed over seven above-ground floors and a basement. In addition, the property will have more than 100 parking spaces in a neighbouring parking garage. The directly adjacent pedestrian zone and the nearby "Prisma" shopping centre offer an excellent infrastructure. The proximity to the railway station and airport ensures optimal transport connections. The main tenants of the property will be the City of Järvenpää and the regional cooperative bank.

Michael Denk, Managing Director of Quadoro Investment, commented on the purchase: "We are very pleased with the acquisition of this new building project. The sustainability standards to be met by the fund properties can be optimally managed with the project development. The location and planning already show above-average values in the sustainability analysis."

More information on Quadoro Sustainable Real Estate Europe can be found on the website www.sustainablerealestate.de/qsree.