French investment company Corum Asset Management has acquired an office property in northern Helsinki from German fund manager Union Investment.
Financial details were not disclosed.
The building, located in Nauvontie 18, comprises 9,100 m2 of rental space over eight floors. It also includes an underground car park with 150 spaces.
The asset is fully let to Nordic developer Skanska, which completed the building in 2012 and sold it to Union Investment the following year in a sale and leaseback deal.
Despite the disposal, Union Investment has announced plans to expand its holdings in northern European cities. It currently owns seven properties in the Helsinki area alone worth €320 mln, held in three different real estate funds.
