Corpus Sireo Real Estate, acting on behalf of for a real estate fund launched by Swiss Life Asset Managers, has acquired a prominent commercial building in Helsinki. The purchase price amounts to approximately €28m. The asset, located on Kaisaniemenkatu 13, boasts a total leasable area of 4,842 m², including 3,798 m² of office and 573 m² of retail and storage space. It benefits from close proximity to the main railway station and the University of Helsinki.
The landmark building was designed in 1929 by the renowned architect Yrjo Lindegren and was originally the headquarters of a large pension insurance company. Today there are several retail shops on the ground floor, including a bookshop, a fitness shop, a driving school and a bar. The seven floors above are used as offices. The largest tenant is the Nordic Investment Bank (NIB).
Manuel Bocher, Head of Transaction International, Corpus Sireo Real Estate, said: "As part of Swiss Life Asset Managers, we intend to further expand our range of funds for institutional and private investors across borders in 2018. We are looking for further single-assets and portfolios in Scandinavia, the Netherlands and Austria".