Quadoro Expands Sustainable Open-Ended Mutual Fund with two Properties in Finland

Quadoro Investment GmbH, the Alternative Investment Fund Manager of the open-ended mutual fund Quadoro Sustainable Real Estate Europe Private (Sustainable Europe), has acquired two office properties in Tampere, Finland for the fund. Tampere is the third largest city in Finland and the largest inland centre of all Nordic countries.

The focus of Sustainable Europe‘s investment strategy is on the sustainability of locations and properties, which has been confirmed by Sustainable Real Estate AG‘s (SRE) sustainability analysis for the buildings. Tampere achieves clearly above-average ratings in respect of its infrastructure, economy and quality of life. The high-quality properties also meet the strict sustainability criteria of Sustainable Europe. The heat supply for the buildings is almost CO2-neutral via a new district heating plant that is fired with wood chips. The properties are also equipped with triple glazing. The conversion to LED lighting will be completed shortly. A canteen and fitness rooms are also available to employees. The completion of a new tram line in 2021 will improve the connection to the centre of Tampere.

The buildings, constructed in 1998 and 2000, are located in the Hervanta district, around 10 km southwest of Tampere‘s city centre and are part of the Hermia technology park. The total rental area is around 30,000 m² and is currently let to several companies. Most of the tenants are from the financial, IT and telecommunications service sectors. The office park has 950 parking spaces.

Michael Denk, Managing Director of Quadoro Investment, notes: “The acquisition of the buildings in Finland continues our sustainable investment strategy of the funds in the Sustainable Real Estate Europe series. SRE‘s location rating, which was updated in 2020 to determine the sustainability of real estate, is an important component of the fund‘s success“.

Further information on Quadoro Sustainable Real Estate Europe Private can be found at www.sustainablerealestate.de/europe.