Lidl’s Finnish headquarters will move into the acquired building during 2016.

“We are satisfied with Lidl becoming the new owner of the property. Selling of the asset was absolutely the best option for Ilmarinen’s property investment portfolio in this market situation”, says Tomi Aimonen, Property Director of Ilmarinen.

Lidl is also excited with the deal.

“Since our activities have grown we have been searching for new headquarter premises for some time. The acquired property fits in Lidl’s needs perfectly due to excellent public transportation connections and flexible space solutions. The property also fulfills our future needs of growing organization. We are looking forward to moving into our new premises”, comments Nicholas Pennanen, Property Director of Lidl.

Newsec acted as Lidl’s advisor in selecting the property and in the transaction.