A fund managed by Abrdn has acquired an office project in Helsinki from Nordic construction firm NCC for around SEK770 million (EUR70 million).
The scheme, Fredriksberg D, is the fourth phase of NCC’s development project in the Konepaja district, downtown Helsinki. The project is expected to complete in the third quarter of 2022.
Joachim Holmberg, business area manager, NCC Property Development, said: 'We have developed a unique office project in Fredriksberg, with a modern, sustainable design, sense of community and an attractive service offering.
'Fredriksberg is a vibrant meeting place in Helsinki and we are very proud of the result of this development project, that the new owners now take over. They will play an important role in the further development of this area.'
Fredriksberg D encompasses 8,500 m2 of lettable area. At the time of sale, the leasing rate is 98%, and NCC has made rental guarantees effective from the date of transfer. Finnish media company MTV is one of the tenants in the building.
Henry Bispinck, fund manager, Abrdn, added: 'We are excited to have the opportunity to acquire a state-of-the-art property in a fast-growing district in Helsinki.
Source: propertyeu.info on the 4th of January