Today Kielo owns 22 high-quality office properties of which 70% has an environmental certification. The portfolio comprises approximately 237,000 sqm lettable area in Finland's most attractive growth centers and fastest growing university locations, such as the Helsinki Metropolitan Area, Tampere and Turku.

During Brunswick’s management, Kielo has completed six and initiated two energy efficiency projects with an annual CO2 saving of 7,500 tonnes. Kielo has also successfully developed modern flexible office space and a wide range of services and facilities across the portfolio.

The substantial development and energy efficiency projects are estimated to have contributed to a value increase of approximately EUR 150 million.

“Kielo marks a clear success in the evolution of Brunswick, I am particularly proud of the comprehensive sustainability and energy efficiency projects underpinning the core of Brunswick’s beliefs and the team and organization in Finland,” says Patrik Andersson, CEO of Brunswick.

Blackstone and Brunswick were advised by CBRE as financial advisor, Avance Attorneys as legal advisor and PwC as tax advisor.