Niam has acquired an office property in Helsinki from Commerz Real for an undisclosed sum.
The property, called Life Science Center Keilaniemi, is located close to the Keilaniemi metro station in Espoo. It comprises five high-quality interconnected office buildings constructed between 2004 and 2008, with a combined lettable area of 32,000 m2.
'We believe that the Helsinki office market is a very attractive investment market that will continue to improve. This property is an excellent addition to Niam's existing office portfolio in the Helsinki Metropolitan Area, which consists of 22 properties and 200,000 sqm in total,' commented Johan Bergman, Niam's CEO. 'Niam's active asset management approach will add further value to the asset.'
Aareal Bank provided the financing and acted as arranger.
JLL advised Commerz Real in the transaction.
