The acquired assets together form an office portfolio of c. 14,500 sqm with over 5- year blended lease maturity where the rental income is derived from notable and credible tenants. Prior to the acquisitions the fund was successfully refinanced with long term multi-currency loan.

Two of the assets are recently built green certified multi-tenant properties located in Käpylä, Helsinki (Osmontie 38) and in Aviapolis, Vantaa (Plaza Business Park Halo). Third asset is a recently modernised office property located in Leppävaara Espoo (Quartetto Cello).

“We had an excellent opportunity to acquire three high-quality office properties. All assets are situated in well-established office submarkets with excellent connections to Helsinki city centre and to the Airport. The acquisitions benefit the overall portfolio in the fund further diversifying the type of use and the tenant base. These are great additions to our fund. The refinancing increases the efficiency of the capital employed and increases the investment rate significantly”, comments Sampsa Apajalahti, Investment Director at CapMan Real Estate.

Advium acted as the sole financial advisor to the seller.