Ilmarinen Mutual Pension Insurance Company has sold an office property in the Leppävaara district in Espoo to Elite Finland Value Added Fund II Ky.

Vänrikinkuja 2 property comprises some 5,000 sqm of leasable office space, and it was completed in 2002. The transaction price amounted to €6.85 million, and the initial yield was slightly above 7 percent.

JLL acted as advisor to the seller.