Schroder Nordic Real Estate Fund completes sale of office property in Helsinki

The Schroder Real Estate Kapitalverwaltungsgesellschaft mbH on behalf of the Schroder Nordic Real Estate Fund, is today announcing the sale of an office property in Helsinki. The office building, which is located in Tapiola (Tuulikuja 2, Espoo), one of Espoo’s most distinguished districts, has been acquired by Swedish alternative investment firm Altaal, under its brown-to-green impact investment strategy. Nordanö acted as financial advisor to Schroder Nordic Real Estate Fund and Merilampi as legal advisor.

The property consists of a basement floor with garage and four above ground office floors, totalling 7,189 square metres. The location, next to the Western highway and within walking distance of Tapiola’s metro and commercial services, is well connected to many of the district’s leading businesses.

The office building is the first commercial building constructed using wooden elements in Finland and is rated as a “FinnForest Modular Office”. Furthermore the building also has a ‘BREEAM Very Good In-Use’ certificate.

Eva Granlund, Head of Nordic Real Estate at Schroders Capital, commented:

“We are delighted to announce the sale of the property in Tapiola. The sale is in line with our strategy to consistently create value for our stakeholders. We successfully completed the business plan for this asset and are happy we found a strategic buyer in Altaal. We continue to manage a substantial portfolio in Finland and the Nordic region and we look forward to further strengthening and developing our portfolio, underwriting opportunities that fit into our overall investment strategy of the Schroder Nordic Real Estate Fund.”


Contributes to
Unstructured Learning Time

CPD Accredited