The five-story building was completed in 1904 and represents the Jugend (Art Nouveau) style of architecture. It was designed by architect Mauritz Gripenberg, whose perhaps best-known work is Villa Elfvik in Espoo. The building has been carefully renovated over the years, respecting the building’s history, and is in excellent condition.
The high value property is located in one of Helsinki’s most central locations. In the immediate vicinity of Kalevankatu 9 are such city landmarks as the Hotel Torni and the Stockmann department store.
The property’s leasable area is 1,700 square metres. All of the premises have been leased out and the current agreements remain in place despite the change in ownership.
“Over the last year or so, we have acquired several different types of real estate in Finland’s growth centres. Kalevankatu 9 brings stability and continuity to our real estate portfolio. The tenants of the property have been in the building for an average of more than ten years and the longest leases have lasted more than 30 years. As a family-owned company, we value the continuity that lasts for generations, and as a property owner, we will be helping the tenants who operate there for a long time,” says Atte Köykkä, Director, Real Estates, at Conficap.
Conficap has greatly expanded its real estate business by acquiring office and logistics properties at, among others, Vuorikatu 20 in Helsinki city centre, the Pitäjänmäki area in Helsinki, and in Espoo and Vantaa. In the Turku region, the company has acquired the well-known properties of Torinkulma in Turku and Lasikuutio (“Glass Cube”) in Raisio.
“In recent years, we have been developing Kalevankatu 9 as planned and the sale of the property is the last step in this direction. We are glad to be able to transfer this wonderful and valuable property along with its lessees to a long-term owner,” says Christoffer Sundberg, CEO of Cobbleyard Real Estate.
Advium advised the sellers.