YIT and Etera sell properties in Koskelo, Espoo, to Hansainvest (FI/DE)

YIT Construction Ltd., Etera Mutual Pension Insurance Company and Hansainvest Hanseatische Investment GmbH have signed agreements according to which YIT will sell approximately 5,500 m² and 8,300 m² and Etera approximately 6,300 m² of commercial and storage properties to Hansainvest. The approximate value of the agreements is €30 million.

The first stage of the Koskelo Trade Park consisted of the renovation of an existing building, completed in 2006. This property is being sold by Etera. The second stage, a new construction of approximately 5,500 m², will be completed in November 2008. The construction work for the third stage has already begun, and is planned to be completed in the summer 2009. The second and third stages are being sold by YIT Construction Ltd.

Current tenants in the property include Ruukki Construction, Caravan Center, Saint-Gobain Autover Finland and Aga. The main tenants in the second stage will be Ilmapallokeskus Balloon Center, Mixtec and Eaton Power Quality. The tenants of the third stage will include Barfix among others.

Source: Leimdorfer

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