Nordicum - Real Estate Annual Finland 2019 | Page 55

proverbial basements of industry players:
there’s a lot of capital, earmarked for real
estate, that has been raised from investors
that still needs to find a happy home.
“There is unallocated capital all around
Europe, and some of it is bound to make its
way to Finland.”
In the RAKLI-KTI Property Barome-
ter October survey, the prime yield for Hel-
sinki CBD offices was assessed at 4.1% (10
basis points higher than in last spring’s sur-
vey). Office yields also increased slightly in
all other cities. Prime retail property yields
also increased slightly, while yields for res-
idential properties continued to decrease
and stood at 3.7% for central Helsinki.
The Barometer respondents expect yields
to remain rather stable during the next 12
months.
Get Creative
In his ten years in the sector, Tiensuu has
seen the number of players increase and
liquidity improve. Solid real estate assets
of the yesteryear – such as retail or logistics
– have been joined by other types of proper-
ties with perhaps more nuances.
“Rental plots and multispace office
solutions are examples of this. As new niché
items keep appearing and gaining success, it
seems clear that it pays to be innovative,” he
says. Part of the outside-the-box mentality
is recognizing the ongoing transition from
infrastructure to services.
“The entire Space as a Service angle
is on the rise and many players are explor-
ing new roles as service providers more and
more.” l
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