Construction group YIT sold a retail park and an office building in the Kauppakortteli Atomi city centre project located in Riihimaki, Finland to the Tapiola KR III Ky property fund for about EUR 39 mln. The buildings in the transaction provide some 16,000 m[sup]2[/sup] of space. Tapiola KR III is a fluctuating asset fund that invests in modernised multi-user business premises and shopping centres. The objective size of the fund is EUR 340 mln.
Construction group YIT sold a retail park and an office building in the Kauppakortteli Atomi city centre project located in Riihimaki, Finland to the Tapiola KR III Ky property fund for about EUR 39 mln. The buildings in the transaction provide some 16,000 m2 of space. Tapiola KR III is a fluctuating asset fund that invests in modernised multi-user business premises and shopping centres. The objective size of the fund is EUR 340 mln.
Helsinki-listed YIT said it had previously completed the sale of Kauppakeskus Elektroni, included in the Atomi block, to the UK-based investor Boutlbee, and begun implementation a Prisma centre for Osuuskauppa Hameenmaa. Boultbee signed an agreement to acquire Kauppakortteli Atomi from YIT for EUR 80 mln in November 2007.
