JLL advised AIP and Avant in refinancing a landmark office asset in Helsinki

With JLL’s assistance, AIP and Avant Capital Partners were able to secure refinancing with very competitive terms in the current market.  The Asset’s exceptional ESG credentials played a key role in securing the full refinancing, demonstrating the strong interest for the very top quality office assets in a challenging market environment.

The modern office property located in address Gebhardinaukio 1 was originally acquired by Korean investor group and a Finnish pension institution Varma in 2020. AIP and Avant Capital Partners manage the asset on behalf of the investors. The property includes several buildings and features a high-quality anchor tenant. The property has been developed with a strong focus on sustainability. All buildings have received an EPC rating B and the asset is aligned with the EU taxonomy's substantial contribution criteria underlining its excellent ESG performance.

Kai Budiansky, Partner, Avant Capital Partners:

“We are very satisfied of this refinancing which proves that there is still strong interest for high quality office assets in the current market. We want to thank JLL for their seamless co-operation and support in this deal”.

Eemeli Lehto, Head of Debt & Financial Advisory, JLL Finland:

“It was a great pleasure to assist AIP and Avant Capital Partners throughout the refinancing of the property. Special thanks belong to both AIP and Avant’s teams for their trust and for the excellent co-operation during the transaction. Despite the challenging market environment, securing such a significant financing is a remarkable accomplishment."