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Newsec and Logicor to enter into a property management service agreement covering more than a million square meters

The service agreement includes all of Logicor's approximately 80 properties in Finland, covering a total area of more than a million square metres.

The service agreement includes all of Logicor's approximately 80 properties in Finland, covering a total area of more than a million square metres.

"We started negotiations with Logicor in the spring and quickly came to an understanding regarding the service package.I am thrilled that we can offer Logicor high-quality property management services," says Miro Karttunen, Head of Newsec Property Asset Management in Finland.

Newsec provides a similar service package for Logicor's 200,000 m2portfolio in Sweden.

"We were looking for a comprehensive property management service and have been very satisfied with our cooperation in Sweden. We are looking forward to our cooperation in Finland as well as a potential synergy between our Finnish and Swedish operations," says Jorma Lehtonen, Managing Director of Logicor Nordics.

The new agreement includes technical management, lease management, leasing and project management services. Logicor's property portfolio comprises significant properties all over Finland, which are supported by Newsec's wide network of regional offices.

"Property investments require local presence and expertise. Newsec's wide network of offices plays a crucial role in this," says Lehtonen.

This client relationship will widen Newsec's network even further.

"We will be opening an office in Lahti in the autumn, and decisions regarding other new offices will be made then. I believe we will be opening two or three new regional offices early next year at the latest," says Karttunen.

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Annika Wahlund Head of Press, Newsec Advisory