Exilion Makes Major Sale in Keilaniemi
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.
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