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
Standard Chartered boosts CRE team
11 December 2017 | Singapore | Reporter: Stephanie Palmer
Standard Chartered has named Steven Cranwell as global head of commercial real estate for its global banking business
SoftBank and Compass in ‘largest ever’ US real estate tech investment
08 December 2017 | New York | Reporter: Stephanie Palmer
Real estate technology firm Compass has won $450 million in investment from the SoftBank Vision Fund, in what Compass has called the largest ever real estate technology investment deal in US history
Tristan fund makes first foray into Germany
07 December 2017 | Bonn | Reporter: Stephanie Palmer
The CCP 5 long-life fund, a core-plus fund advised by Tristan Capital Partners, has made its first investment in Germany, acquiring an office complex in Bonn for €35 million
JLL develops UK corporate solutions team
07 December 2017 | London | Reporter: Stephanie Palmer
JLL has named Sue Asprey Price as lead director of its corporate solutions business in the UK, with immediate effect
Link Asset Services appointed as real estate fund administrator
06 December 2017 | London | Reporter: Stephanie Palmer
Warehouse REIT, a specialist warehouse investor managed by Tilstone Partners, has selected Link Asset Services for fund administration
Dutch portfolio sold for €200 million
05 December 2017 | Amsterdam | Reporter: Stephanie Palmer
Patrizia Immobilien AG has sold a portfolio of 61 residential properties in the Netherlands, for around €200 million
Allianz tops off bumper 2017 with Broadway acquisition
04 December 2017 | New York | Reporter: Stephanie Palmer
Allianz Real Estate has acquired a 43 percent stake in 1515 Broadway, New York, a class-A building valued at $1.95 billion