JLL advised Varma on the sale of EUR 130 million SOK headquarters in Vallila
Varma has sold a major office block located in Vallila, inner city of Helsinki to Fleming Properties (AB), a company established by Pareto Securities. The purchase price is approximately EUR 130 million.
Vallila is a popular office location, only 2.5 km from Helsinki CBD, attracting headquarters of companies like Unilever, General Electrics Finland and Amer Sports. The block comprises two office buildings providing together a total lettable area of 41,000 sq m and approximately 500 parking spaces. The block is anchored by SOK, the administrative organisation of S Group, with almost 90% of the total area. The two office buildings have been undergoing an extensive refurbishment that will be completed on 2020.
JLL acted as Varma’s sole commercial advisor in the transaction.
More information:
Varma
Investment director, real estate
Ilkka Tomperi
+358 50 379 1903
JLL Finland
Director, Capital Markets
Tero Uusitalo
+358 400 103 450