YIT completes the sale of Helsinki office complex (FI)

YIT completes the sale of Tripla office complex (FI)

YIT has sold the Tripla’s Workery offices in Pasila, Helsinki, to an international investor for an undisclosed amount. The complex comprises Workery East and Workery West buildings, that are developed, constructed and owned by YIT, and total c.50,000m². The deal is the single largest office property transaction in the company’s history. Tripla is a three-block complex to be completed in Central Pasila in stages during 2019 and 2020. It includes the Mall of Tripla shopping centre, a parking facility, public transport hub, apartments, a hotel and the offices that were now sold.

 

The construction of the offices began in early 2018, with the completion expected for spring 2020. The buildings are constructed according to the criteria of the LEED Platinum certificate. Major tenants include Telia Finland (Workery East) and Otavamedia (Workery West).

 

“We are very satisfied with the fact that Tripla’s Workery offices in Pasila, Helsinki, attracted the interest of several significant international property investors and with the fact that the properties were sold as a whole. The interest of international buyers is a great indication of Tripla’s appeal. Central Pasila is truly turning into the second city centre of Helsinki,” says Esa Neuvonen, EVP, Business Premises segment and Partnership Properties segment at YIT. “The modern business premises that are currently under construction will offer comfortable and flexible space for working and a new kind of living environment for the city’s residents, something that we all can be proud of.”

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