HANSAINVEST Real Assets divests the KONE Building in Keilaniemi outside Helsinki
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.