The building including its impressive façade was erected in 1898 on a 1,336 sqm site. The rental space comprises 3,400 sqm and is spread over four storeys with partially developed loft space. There are retail stores on the ground floor and offices and apartments on the upper floors. In addition, the property has 22 underground parking spaces.

The property is in the heart of Helsinki‘s historic city centre which has both a good public infrastructure and excellent access to transportation.

Michael Denk, Managing Director of the fund‘s AIFM, commented on the acquisition: "The above-average conditions for real estate investments and positive economic development coupled with the attractive fundamentals of the real estate market in Finland were among the factors which prompted us to purchase this property in Helsinki."

Vontobel, the fund‘s sustainability consultant, scored Helsinki well above average, meaning the fund‘s sustainability criteria were met. 

Nordanö was the financial adviser to Svenska Folkskolans Vänner.