NREP, an urban investor with €18 billion of assets under management, has acquired the Eteläesplanadi 2 office building in Helsinki, Finland. Although financial details were not disclosed, the price is said to be around €115 million.
The acquisition forms part of NREP’s strategy to grow its sustainable offices portfolio, focusing on high quality properties in strong locations. NREP’s strategy focuses on the Nordic markets, where the office sector has remained more resilient than many other European capitals. NREP invests in both standing office assets and new developments, operating them under their flexible workspace brands Woods.
Eteläesplanadi 2 is a landmark building located next to the waterfront in Helsinki CBD. The historic asset comprises 14.500 sqm of leasable space and has 18 tenants.
Source: https://propertyeu.info/Nieuws/NREP-picks-up-historic-Helsinki-office-building-from-Allianz/d3ff3e94-5253-429b-91af-71c2485fd823, on 6.12.2022