Green energy company Fortum and its pension fund have agreed to sell the company's head office campus in Espoo, Finland to development specialist Regenero for €74 mln.
The transaction includes the head office buildings and the plots located in Keilaniemi. Fortum announced earlier this year that the company's head office will move at year end to a refurbished multi-space office nearby.
'We are pleased to have reached this point in the project. The new owner can now start the work to develop the iconic high-rise and the surrounding area. We will focus on our core business and will move into premises in Espoo that will better accommodate our current operations,' commented Risto Penttinen, senior vice president, strategy, people and performance, Fortum.
'Regenero's goal is to develop the entire Keilaniemi area. With the real estate acquisition, Regenero can create a sustainable, multi-use urban environment close to excellent public transportation services that are continuing to develop with the Western Metro Extension,' said Juha Kostiainen, chairman of Regenero’s board of directors.
'The property's superb waterfront location in the premier headquarters area of Espoo and next door to the Keilaniemi metro station combined with the tower building’s iconic landmark status provide a solid foundation for future development of the campus,' said Christian Hohenthal, head of capital markets, Finland.
JLL acted as commercial advisor to Fortum Real Estate and the Fortum Pension Fund in the sale of the Keilaniemi campus.
