International

Cityvarasto Oyj Acquires Multi-Building Property Complex in Turku

  • by- Zaid
  • Apr 30, 2026
Cityvarasto acquires a multi-building property complex in Turku, Finland, including 15,000 sq m leasehold land and seven buildings, to expand its storage and logistics network.
Cityvarasto Oyj Acquires Multi-Building Property Complex in Turku

April 30, 2026: Cityvarasto Oyj has expanded its real estate footprint by acquiring a property company in Turku, Finland, from an international investor, strengthening its presence in the storage and logistics segment.

Deal Overview

The acquisition includes:

• Leasehold rights to a 15,000 sq m land parcel
• A total of seven buildings within the property complex

The site is expected to support Cityvarasto’s core operations in storage and space rental services.

Strategic Expansion

This move aligns with the company’s broader strategy to expand across key Finnish cities and enhance its operational network in high-demand urban locations.

Turku, a major regional hub in Finland, has seen consistent demand for logistics and storage assets driven by urban growth and evolving business needs.

Focus on Stable Income Assets

Although the financial details of the deal were not disclosed, such acquisitions are typically aimed at:

• Generating stable rental income
• Securing long-term operational capacity
• Expanding service coverage in growing markets

The multi-building setup also allows flexible usage, which is increasingly important in the storage and light industrial sector.

Market Trend

The transaction reflects continued investor interest in Nordic real estate, particularly in asset classes like storage and logistics that offer resilience and steady demand.