As the portfolio manager for the open-ended special AIF Vontobel Sustainable Real Estate Europe, Quadoro Doric has acquired the office and commercial building “Marble” in a central downtown location in Turku. Turku is the sixth largest city in Finland with a population of around 190,000. The deal marks the AIF‘s second purchase in Finland. The purchase price was not disclosed.
The building was constructed in 1975 and has 10,180m² of rentable space spread over 4 storeys as well as a lower level. There are retail stores on the ground floor and lower level and a fitness studio, a clinic as well as office units on the upper floors. In addition, the property has 203 parking spaces in an adjacent car park. The property is characterised by very good traffic connections and excellent public infrastructure.
Klaus Kampf, Head of Sustainability Research Real Estate at Vontobel Asset Management, commented: “The above-average conditions for real estate investments in Finland prompted us to make this purchase in Turku. Turku has achieved excellent ratings in terms of sustainability, particularly in the areas of the economy, quality of life and population.”
