JLL advised Ilmarinen in the sale of an office property located in Helsinki to the special investment fund Aktia Commercial Properties
Mutual pension insurance company Ilmarinen has completed the sale of an office property located in Pasila to the special investment fund Aktia Commercial Properties on October 4th 2019. The purchase price was approximately EUR 24 million, reflecting a gross initial yield of approximately 5.3%.
Esterinportti 2 is a multi-tenant office property completed in 1984, with a total lettable area of approximately 9,600 sq m. The property is located in Pasila and benefits from a strategic micro location in the immediate vicinity of the new train station and shopping centre Tripla, both of which are slated for completion later this year.
JLL acted as Ilmarinen’s sole commercial advisor in the transaction. Eversheds Sutherland acted as the seller’s legal advisor and Merilampi as the buyer’s legal advisor in the transaction.