Press Releases

HANSAINVEST Real Assets has sold the KONE Building in Keilaniemi, one of the most established office areas in the Helsinki Metropolitan Area. The property was divested in a structured bidding process. The office building was purchased by the Finnish Evli Rental Yield Fund (AIF) managed by Evli Fund Management Ltd. The property comprises a total lettable area of 7,148 sqm. and was built in the early 2000s for the listed KONE Corporation, one of the world’s leading elevator and escalator engineering and service companies. The property is fully let. Nordanö Partners and Dittmar & Indrenius Attorneys advised the seller, while PwC acted as the legal councel for the buyer on the transaction.

The building’s 18 floors and its unusual height of 72 metres make the property one of the tallest office buildings in the country. The tall glass facade together with its waterfront location make the property a landmark building.

The KONE Building is neighbored by various well-known blue chip headquarters like Fortum, Neste Oil, Tieto, Rovio, Valmet and Accountor. The property is located in the crossing of Ring Road I and Western Highway, 8 km from Helsinki’s Central Business District. The closest metro station is 200 m from the property and enables tenants to reach Helsinki city center in 10 minutes. The drivetime to the airport is 25 minutes.

Nicholas Brinckmann, Speaker of the Board, HANSAINVEST Real Assets, comments: “With the successful sale we proceed with the strategic positioning of our Finnish portfolio. As our acquisition of a major office property in Helsinki this past summer demonstrates, we continue to consider Helsinki and its adjacent commercial locations attractive investment destinations.”

In recent months, HANSAINVEST Real Assets has been involved in several major transactions in and around Helsinki. In December 2019, the company announced the sale of a commercial park in Espoo, while the purchase of a large office development at the Helsinki harbor for 135 million euros was announced in June 2019.

• Seven properties with 191,000 m² distributed across five established sub-markets
• Logistics real estate ratio doubled to 13% thanks to successful acquisition strategy

As of the end of 2019 HANSAINVEST Real Assets GmbH acquired a logistics real estate portfolio with an investment volume of 240 million euros. The portfolio encompasses five established sub-markets in the Netherlands (Amsterdam, Nieuwleusen, The Hague, Nootdorp and Ridderkerk) and comprises a total of seven properties – an existing building and six project developments. The projects are being developed by the renowned Dutch provider DHG and will be completed between June and October 2020. The total portfolio has a leasable area of more than 190,000 m² and is leased in the long term to companies with excellent creditworthiness.

HANSAINVEST Real Assets has sold a light industrial and warehouse property located in the Koskelo light industrial area in Espoo outside Helsinki. The sold facility comprises three buildings offering modern warehouse, production and office premises and a total leasable area of 19,461 sq m. The property benefits from a high occupancy rate and is let to well-known investment grade tenants.

Nicholas Brinckmann, Speaker of the Board, HANSAINVEST Real Assets, comments: “We want to thank all involved parties for the effective collaboration. This successful sale is in line with our investment strategy for this property and our Helsinki portfolio overall.  We continue to see attractive opportunities in the greater Helsinki area, as evidenced by our purchase of a port-side office property in June of this year.”

CBRE acted as the Seller’s commercial advisor while Dittmar & Indrenius Attorneys acted as the Seller’s legal advisor. The Buyer was advised by Roschier Attorneys.

HANSAINVEST Real Assets has concluded a long-term extension of the existing lease agreement on more than 1,000 square metres of office space in Paris with Invesco Asset Management. The multi-tenant property between 16/18 Rue de Londres and 7 Rue d'Athènes has a total leasable area of more than 14,000 square metres and is fully leased out.
 

"The long-term extension of the lease agreement underlines the quality of our property as well as the attractiveness and stability of the Paris office market. The building is located within the financial district and the so-called Golden Triangle, and thus stands out thanks to its excellent location in the CBD of Paris. It offers flexible and generously proportioned leasable areas, sufficient parking spaces and has exceptional public transport connections," says Martina Averbeck, managing director at HANSAINVEST Real Assets.
 

The main tenant in the property is the co-working provider Wojo (formerly Nextdoor), with commercial areas also leased to the online marketing company 55. Invesco Asset Management has been a tenant in the building since 2006.