09 February 2017
Helsinki
Reporter: Stephanie Palmer

M7 opens Finnish office


M7 has expanded its European presence, opening a new office Helsinki and appointing Joona Suomela as country manager for Finland.

The new opening follows M7’s investment of around €80 million in the Nordics, on behalf of its M7 European Real Estate Investment Parters IV fund. This means the investor now has assets under management totalling around €286 million.

Suomela brings more than 13 years of experience in the real estate sector. He joins M7 from Elite Varainhoito Oyj, where he was head of real estate investment management.

Previously, he has also worked for Quorum Fund Management and at Cornerstone Real Estate Advisers.

M7 has also appointed Tuomas Hulkkonen as an asset manager in the Finland office. Hulkkonen joins from Newsec, a large specialised commercial property fund in the Nordics, where he was a key account manager.

Mette Seifert, managing director of M7 Denmark and head of Nordics, said: “We have been active in Denmark since 2013 and Finland is the natural next step following the increased focus on the region from M7's capital partners, as well as new investment strategies, sectors and third-party asset management mandates.”

“Joona Suomela brings an impressive track record and we look forward to working with both him and Tuomas Hulkkonen.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Aviva acquires Bristol redevelopment
20 October 2017 | Bristol | Reporter: Becky Butcher
Aviva Investors has purchased the first phase of a redevelopment business park in Bristol for £30 million
Coyote names Rob Bould as non-executive director
19 October 2017 | London | Reporter: Theo Andrew
Rob Bould, who has 40 years of real estate experience, will help grow the data platform, which will track, manage and report the performance of real estate assets in real-time
Hammerson expands flagship Parisian shopping centre
19 October 2017 | Paris | Reporter: Theo Andrew
The 11,000-square metre property adjoins its Les Trois Fontaines centre, the firm’s recently refurbished flagship asset in Paris
SELF II reaches €500 million on third close
19 October 2017 | Paris | Reporter: Theo Andrew
The pan-European debt fund achieved the equity through institutional investors from France, Germany and Italy
Encore+ adds Dutch office for €50 million
18 October 2017 | Eindhoven | Reporter: Theo Andrew
The the pan-European open ended core-plus fund is co-managed by Aviva Investors and LaSalle IM, as fund manager and asset and transition manager, respectively
LGIM Real Assets lands Stansted hotel for £48.3 million
17 October 2017 | London | Reporter: Theo Andrew
The development, which was completed in July 2017, is the second hotel to be located on-terminal at Stansted Airport
Deutsche AM closes €568 million pan-European fund
16 October 2017 | London | Reporter: Theo Andrew
The core fund will focus on income and capital growth across the larger European economies in sectors including office, retail and logistics