Wereldhave to expand in Finland

Real Estate investment fund Wereldhave has made a second investment in Finland. It acquired a 22.000m2 shoppingcentre in Tapiola, west of Helsinki.

Wereldhave purchased the object from Scandinavian retailer Stockmann. The deal consists of a sale and lease-back construction for an amount of € 37,5 million, including € 1,5 million transaction costs. The net yield amounts to 7,0%.

(source: propertynl.com)

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