Castellum has acquired the Salmisaarenaukio 1 office building in Helsinki for €81m. The property comprises approx. 14,433m², and is in line with Castellum’s strategy for building a strong Nordic real estate portfolio.
Salmisaarenaukio 1 is a modern and versatile property, situated in one of Helsinki’s most attractive and easily-accessed office clusters, Ruoholahti. Several major companies have located their headquarters in the area, and Castellum sees bright possibilities for growing in both the office and logistics segments, in a predominantly strong and stable market. Castellum takes immediate possession of the fully-leased building. The investment is assessed to generate annual revenues of approx. €5m.
“Through this acquisition in Finland, it’s gratifying to note that Castellum is taking the next step in our strategy to grow and establish ourselves in several Nordic growth areas. We aim to be one of the major commercial real estate owners in Helsinki”, says Castellum CEO, Henrik Saxborn.
