JLL advised Varma on the sale of EUR 130 million SOK headquarters in Vallila

lokakuu 10, 2019

 

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

 

 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2018, JLL had total revenue of $16,3 billion and fee revenue of $6.5 billion. There are over 90,000 JLL employees serving in 80 countries and almost 300 offices worldwide. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com