AMF Tjänstepension AB sold a 33.3% stake in Mercada Oy to Kesko, reinforcing their partnership in the Finnish retail property sector.

Target Information

Mercada Oy, a significant player in the Finnish real estate market, specializes in the ownership of retail properties and shopping centers. The company holds a diversified portfolio of 35 properties across Finland, encompassing approximately 290,000 square meters of leasable space. Notably, a substantial portion of this portfolio is leased to Kesko, a well-established retail company in Finland, which underscores Mercada's strong position within the retail sector.

Mercada's real estate assets primarily include grocery stores and notable shopping centers, such as Karisma and Veturi. This strategic focus on retail leasing positions Mercada favorably within the evolving landscape of consumer preferences and the growth of the Finnish retail market.

Industry Overview in Finland

The Finnish retail market has shown resilience and adaptability in recent years, characterized by a shift towards e-commerce and changes in consumer shopping habits. While the