“This investment is a great fit to Areim's existing office portfolio in Helsinki. We will be able to offer modern office space in this exciting location with excellent transport connections in an established, yet strongly developing inner-city area. By having the opportunity to comprehensively renovate this building we will not only ensure that the quality will match the needs of its future tenants, but also keep sustainability at the core of the project,” says Toni Loimijoki, Head of Investments Finland at Areim.

The property provides clear value add opportunities in the developing area of Sörnäinen and Kallio in line with Areim’s office investment strategy. Once the refurbishment project is complete, the asset will comprise sustainable, modern office premises and an underground parking garage.

Areim’s Finnish holdings comprise an office portfolio concentrated in the in the Helsinki Metropolitan Area, a diversified residential portfolio in the country’s largest cities, light industrial assets in the Helsinki area, and a position in Sponda.