Protego acquires €452m shopping centre in Helsinki

By A staff reporter 2008-03-17T00:00:00

Protego Real Estate Investors has acquired the Kamppi Shopping Centre in Helsinki on behalf of the Nordic Retail Fund from Boultbee for €52.5 mln. Reported as the largest single asset transaction in Europe this year the deal reflects a net initial yield of 4.5%, increasing to circa 6.0% in 2012.

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