Property investment company Antilooppi has acquired a portfolio of nine properties in Ruoholahti, Helsinki from property investment company Sponda and its subsidiaries.
Financial details were not disclosed.
The lettable area of the portfolio of mixed commercial assets is approximately 100,000 m2. It also includes more than 1,650 parking spaces.
'Antilooppi’s plan is to further improve the quality level of the properties by improving the premises and working in close co-operation with the existing and new tenants. Furthermore, the new Jätkäsaari residential area next to Ruoholahti will enable the possibility to improve the services to the residents in the area,' said Antilooppi chief investment officer Antti Savilampi.
Ruoholahti is one of Helsinki’s key office submarkets, located two kilometres southwest of the city centre. Sponda said it had been contributing to the area's development since the early 2000s.
'The strong investment market supports the divestment of these assets and we are delighted to see Antilooppi continue our work going forward,' said Christian Hohenthal, Sponda’s president and CEO.
'Sponda has several development projects either under way or in the pipeline: this sale will free up resources necessary for these developments, allowing for the continuation of Sponda’s strategy to actively develop its properties and create outstanding working environments for its customers,' Hohenthal added.
Following the transaction, Antilooppi owns 37 properties in the Helsinki metropolitan area.
'This acquisition suits perfectly Antilooppi’s strategy to become one of the leading property owners in the Helsinki metropolitan area. We are extremely excited about the portfolio and are looking forward to develop the properties together with the tenants,' concluded Antilooppi CEO Tuomas Sahi.
The transaction is subject to approval by the Finnish Competition and Consumer Authority.
JLL advised Sponda on the sale, with Krogerus acting as the seller’s legal advisor.
