A consortium of three international investors has bought a mixed-used portfolio in greater Helsinki for 85m.

Merrill Lynch Global Principal Investments, O'Connor Capital Partners and Genesta Property Nordic bought a 100,000m? property portfolio from private Finnish investor Erja-yhtyma. The portfolio consists of the 30,000m? Pursimiehenkatu 29-31 office block, 60,000m? of industrial and logistic space on the ring road in Espoo, and four office/industrial buildings totalling 14,000m? in east Helsinki. Merrill Lynch is majority owner in the venture.

The deal is O'Connor's first in Finland and will be followed by further acquisitions in Finland and the Nordic region. Genesta Property Nordic will provide strategic asset management for the portfolio while Tallberg Toimitilajohto will provide the property management.

Catella Finland advised the seller on the transaction and Hypo Real Estate Bank International provided the senior debt.