Hansainvest, a part of the German Signal-Iduna Group, has signed agreements with Finland's YIT Construction and Etera Mutual Pension Insurance Company to buy more than 20,000 m[sup]2[/sup] of commercial and storage space at a trade park in the Finnish city of Espoo. The total transaction volume comes to EUR 30 mln.

Hansainvest, a part of the German Signal-Iduna Group, has signed agreements with Finland's YIT Construction and Etera Mutual Pension Insurance Company to buy more than 20,000 m2 of commercial and storage space at a trade park in the Finnish city of Espoo. The total transaction volume comes to EUR 30 mln.

Etera is selling the first stage of the Koskelo Trade Park. This stage involved the renovation of an existing building to provide 6,300 m2 of leasable area. The second stage involves the construction of an additional 5,500 m2 which is scheduled for completion in November 2008. Construction work for the third stage has already begun, and is planned to be completed in the summer 2009. YIT is the vendor of the second and third stages.