IVG Immobilien AG disposes of property in Finland for more than €35 million (DE/FI)

IVG is disposing of three properties in Finland with an overall value of €35 million, thus generating a book profit of more than €10 million. Following the disposals, more than 95% of IVG's Finnish property assets will be located in the capital, Helsinki. In this way, IVG is consistently following through on its strategy of focussing investment on office properties in important economic centers.

In Helsinki, IVG sold the office property Elimaenkatu, with 12,100m² rentable area, to the German LB Immo Invest. In concluding this sale, IVG benefited from the significantly increased interest of international investors in the Finnish capital's attractive office market.

In Hollola, 100km north of Helsinki, the British investor Rockspring acquired a shopping center with 5,800m² rentable area from IVG.

In the Helsinki conurbation, IVG sold a 75,000 m² piece of land reserved for residential buildings to the Finnish building firm Lujatalo.

Source: IVG

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