Sweden’s listed real estate company Castellum has acquired a real estate portfolio in Helsinki for €150 million, through a company acquisition.
The real estate portfolio in Helsinki comprises five office properties with a total lettable area of approximately 36,000 sq.m.
All properties are well located in Kalasatama, a former port area that the City of Helsinki is now developing into a district intended for 25,000 new residents and 10,000 new jobs. Kalasatama is located 2 km northeast of Helsinki CBD, which can be reached in six minutes by metro from Kalasatama. The buildings contain high-quality office space and a conference center.
”As a major player in the commercial real estate market, we see a growing interest in development in all of the Nordic region’s major cities.”
“It feels very good to increase our presence in Helsinki with this deal. As a major player in the commercial real estate market, we see a growing interest in development in all of the Nordic region’s major cities. Kalasatama has great potential to become a truly dynamic area. By taking a place there, we are significantly strengthening our position in Helsinki, where we also intend to expand further. Initially, the deal does not have a visible impact on management results and net asset value SEK / share, but we expect it to contribute to increasing Castellum’s long-term growth”, says Henrik Saxborn, CEO of Castellum.