Roschier advised KanAm Grund in its acquisition of office projects in Helsinki
KanAm Grund Group has acquired the B and C buildings of the Fredriksberg office projects in Helsinki from NCC Property Development. Roschier advised the buyer in the transaction.
The property, acquired by KanAm Grund Group and its LEADING CITIES INVEST fund for approximately EUR 64 million, is situated in the distinctive Konepaja district of Vallila, Helsinki. The construction of the acquired properties has started, with completion planned for the second quarter of 2020. The properties cover a total of approximately 11 000 square meters of lettable area for offices and retail. At the time of sale, the leasing rate was 40%, and NCC is providing a two-year rental guarantee for unleased space in connection with the sale. Further, the plan is to environmentally certify the project at an Excellent rating according to the international BREEAM system.
KanAm Grund Group is a German-based, international real estate enterprise with the main office located in Frankfurt. It has handled a transaction volume of over USD 33 billion since it was established in October 2000. The acquisition of Fredriksberg B and C marks KanAm Group’s first investment in Finland.