Ektornet, the property arm of Swedbank, has divested two office buildings in Tampere and Helsinki to Finnish insurance company Tapiola for a combined EUR 38.5 mln.
Ektornet, the property arm of Swedbank, has divested two office buildings in Tampere and Helsinki to Finnish insurance company Tapiola for a combined EUR 38.5 mln.
The assets, providing a total of 16,000 m2, consist of Business Park Dynamo in the Ratina district of Tampere, as well as Plaza Alto which is located in Aviapolis, and was constructed in 2006. Both properties are fully let.
Finadvice acted as the seller's advisor. Avance Attorneys advised the seller on legal matters
'This transaction shows that there is a strong interest in the market to invest in high-quality assets in attractive locations. Since Ektornet purchased the properties, we have managed to decrease the vacancies and secure stable cash flows in both properties by several new lettings,' said Johan Denell, head of Ektornet West.
