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.