Release
30th September 2014 at 14:15
Property investment company Certeum started operations
Certeum Oy, specialised in owning, leasing and developing logistics and industrial
properties, has started operations today, the 30th of September 2014. The new company
provides versatile real estate solutions to the management of goods flow in the biggest
cities in Finland.
Property investment company Certeum Oy has bought 12 logistics and industrial properties from Sponda Plc
and 22 logistics and production properties from Varma Mutual Pension Insurance Company as well as
th
Sponda Fund I Ky, Sponda Fund II Ky and Sponda Fund III Ky from the funds’ unitholders on the 30 of
September 2014 according to the letter of intent signed in April. The value of these transactions is 917
million euros in total.
As a property investor, Certeum specialises in owning, leasing and developing logistics and industrial
properties. The company has about 400 retail and industrial companies as its clients at the moment.
Almost one billion euros in property assets
The 124 logistics and industrial properties owned by Certeum are mainly located in the biggest cities in
Finland. The value of the company’s property assets is 917 million euros; leasable area is approximately 1.3
million square metres. Certeum’s owners are Varma Mutual Pension Insurance Company (about 39%),
Sponda Plc (about 38%), The State Pension Fund of Finland (about 10%) and other domestic investors
(about 13% in total).
According to Certeum’s CEO Jorma Lehtonen, property investments provide a good risk/return ratio in the
current investment environment. “A company specialising in logistics and industrial properties has been
lacking on the Finnish market, which investors find attractive. Certeum, with its property assets of almost a
billion euros, will be one of the largest property investment companies in Finland,” says Lehtonen.
Certeum has a strong customer orientation and it tailors each facility to support the client’s business needs.
“As an active owner, we develop our properties continuously and utilise our current building rights. Moreover,
we follow closely the development of the property market and upgrade our property portfolio as needed
through new investments and realisations,” says Lehtonen.
Certeum starts with a team of 24 people, each with a strong background in real estate.
Experienced board steers development of operations
Certeum Oy’s new board members are Antti Pankakoski (chairman of the board), Kari Inkinen, Ulla
Malinen, Timo Salonen and Ilkka Tomperi.
”Certeum has an extensive and well diversified property portfolio, strong balance sheet and experienced
organisation. This is a good starting point to start work towards developing the company further,” says Antti
Pankakoski, Certeum Oy’s new chairman of the board.
For further information:
Jorma Lehtonen, CEO
Certeum Oy
+358 500 708 222
jorma.lehtonen@certeum.fi
Certeum Oy
Certeum is a property investment company specialising in the owning, leasing and developing of logistics
and industrial properties. We own 124 properties, the majority of which are located in the biggest cities in
Finland. Our clients are retail and industrial companies. The company’s property assets are 917 million euros
in value, and the leasable area is approximately 1.3 million square metres. www.certeum.fi