Acant and AIP acquire Helsinki office complex for €480m (FI)

Acant and AIP acquire Helsinki office complex for €480m (FI)

Avant Asset Management, together with AIP Asset Management (AIP), have lead a consortium which includes Varma Mutual Pension Insurance Company,NH Investment & Securities (NHIS) and Shinhan Investment Corp., to acquire OP Cooperative’s headquarters in Helsinki in a €480m sale and leaseback transaction.

 

Avant and AIP will continue acting as co-investment managers for the deal. In connection with the transaction, OP Financial Group has signed a long-term lease contract for the property. The asset, located in Vallila, Helsinki, was fully completed in 2017 and it has a total leasable area of 74.150m² and it accommodates approximately 6.000 people. Its tenants are OP Cooperative and Senate Properties (Finnish Tax Administration). 

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