Pension fund acquires Degi fund asset in Helsinki

Nordea Pension Foundation (KOP) has acquired an office building in the central business district of Helsinki from Aberdeen Immobilien's open-ended Degi Global Business fund for EUR 104 mln.

The Fabianinkatu 6 property located in Helsinki CBD was acquired by Degi Global Business in October 2007. It comprises 4,200 m² of fully let office accommodation. The building is leased to the Finnish ministry of the environment.

Property adviser Jones Lang LaSalle, which acted for Aberdeen, said the price was in line with the asset's assessed market value.