Exilion Makes Major Sale in Keilaniemi

Finland Finland Exilion sells a landmark office property in Keilaniemi to a fund managed by Deutsche Asset Management. The transaction is one of the biggest individual office property deals in Finland in 2017.

2017-12-06

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The transaction consisted of two office buildings and a parking facility located at Keilalahdentie 2-4 Espoo in the Helsinki area.
 
The buildings were originally built as Nokia’s headquarters and today the buildings house three major tenants: Microsoft Mobile Ltd, Fortum Plc and Tieto Plc. The office buildings were built in 1996-97 and have a total lettable area of approx. 31 000 square metres. The total transaction price is approximately EUR 164M which corresponds to an initial yield of approx. 4.65 percent.
 
The seller is a fund called Exilion Real Estate I Ky managed by Exilion Management Ltd. Catella acted as the financial advisor to Exilion throughout the sales process.




Maria Olsson Äärlaht
maria@nordicpropertynews.com




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