Deka Immobilien Acquires 32,947-Square-Meter 'Project Amelia' Logistics Hub Near Helsinki for Deka-ImmobilienEuropa Fund
VANTAA, Finland — Sept. 2, 2026 — Deka Immobilien GmbH has acquired the logistics property known as "Project Amelia" in Vantaa, Finland, for its Deka-ImmobilienEuropa open-ended real estate fund, the firm announced. The 32,947-square-meter facility, located at Turvalaaksonkuja 4 in the Aviapolis logistics cluster of the Helsinki metropolitan area, was sold by an institutional investor. CBRE acted as agent on behalf of the seller.
Property Overview: A Modern Logistics Hub in Aviapolis
Completed in 2022, the single-tenant facility sits within the Aviapolis logistics cluster, immediately adjacent to Helsinki Airport and Ring III — one of Finland's primary logistics corridors. The property is locally known as the Barona logistics centre Avialogis and carries the full address of Turvalaaksonkuja 4, 01740 Vantaa.
The building is designed to support modern logistics operations, featuring a clear hall height of approximately 12 meters, 37 loading docks, and generous marshalling and truck yard areas. Specially equipped zones allow for the storage and handling of hazardous materials, and the lettable space is divisible to accommodate varying logistics requirements. The tenant, Barona Varastopalvelut Oy, has also invested in automated storage systems within the facility.
Of the 167 car parking spaces on site, 24 are fitted with electric vehicle charging points. The property holds a BREEAM International New Construction rating of Excellent and an Energy Performance Certificate rating of A. On-site infrastructure includes photovoltaic solar and geothermal installations.
Fully Leased to Finnish 3PL Provider Since Completion
Barona Varastopalvelut Oy, a Finnish third-party logistics provider, has occupied the property on a long-term lease since the building's 2022 completion, giving the asset a 100% occupancy rate at the time of acquisition. The company uses the facility as its central logistics hub, providing warehousing and e-commerce fulfillment services to clients in Finland and internationally.
Aviapolis is Finland's leading logistics hub, drawing national and international logistics and distribution companies to its airport-adjacent location. Approximately one-third of Finland's population is reachable within a one-hour drive from the site, and the cluster benefits from direct connections to the country's main transport routes.
Advisory Team and Due Diligence
The transaction involved a multi-firm advisory team on the buyer's side. Sweco Finland provided technical due diligence, KPMG AG handled financial and tax due diligence, and JLL Finland conducted commercial due diligence. Law firm Castrén & Snellman supported Deka Immobilien on the acquisition. CBRE represented the institutional seller.
Deka-ImmobilienEuropa's Continued European Expansion
The Vantaa acquisition follows Deka Immobilien's June 2026 closing of Gerling Garden in Cologne, Germany, also for the Deka-ImmobilienEuropa fund. That transaction involved a three-building ensemble totaling approximately 45,000 square meters of gross floor area, comprising the office buildings "The Gate & The Hall" and "The Lime" — with a combined lettable area of approximately 18,800 square meters — as well as the 207-room "The Circle" hotel.
Deka-ImmobilienEuropa is an open-ended public real estate fund with a diversified European mandate spanning office, retail, hotel, and logistics assets. The fund delivered a 2.4% return on the BVI method in its 2024/2025 fiscal year, with a gross rental yield of 5.1%, and has posted an average annual return of 3.5% since inception.
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