Antilooppi, a Finnish office investor backed by Nordic pension capital, has purchased three office properties at Leppävaara’s Stella Business Park in Espoo, Finland, in two separate off-market transactions.
Stella Nova and Stella Solaris were sold by Elo Mutual Pension Insurance and Stella Luna was sold by Fennica Properties I non-UCITS fund. Antilooppi has previously acquired Stella Terra in June 2018. The combined purchase price for all four properties is €63 mln.
'Stella is unique due to its ‘city within a city’ atmosphere, where the significance of services and a sense of community is evident in everyday life. Antilooppi is actively developing Stella to meet the changing needs of current and future tenants,' said Antilooppi CEO Tuomas Sahi.
The multi-let 23,100 m2 Stella Business Park was constructed in 1999–2001, and includes 742 parking spaces in two parking facilities. Stella Business Park has approximately 115 tenants, two restaurants, a gym and number of other services. The current occupancy rate of Stella Business Park is 94%.
The property is situated in Leppävaara, at the crossroads of Ring Road I and the Turku Highway. Espoo is Finland's second largest city and municipality.
