Union Investment has sold a logistics centre in Helsinki to local investor VVT Property Fund I Ky.
Financial details were not disclosed, but Union Investment said that the price was above the most recent expert valuation.
The 6,600 m2 property, built in 2004, is located at Tikkurilantie 136 in Vantaa, a district close to the airport.
It was fully let on a long-term lease to the Dayton Group at the time of sale. It comprises 6,600 m2 in total, including 5,000 m2 of warehouse space and around 1,600 m2 devoted to offices
Since acquiring the property in 2008, Union Investment has held it in its institutional open-ended real estate fund UniInstitutional European Real Estate.
The vendor was advised on the transaction by Catella Property Oy.
