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 4^th 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.

_{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.}

_{About Ilmarinen}
_{Ilmarinen is Finland’s largest mutual pension insurance company. Our task is to ensure that our customers receive the pension they earned from employment. We promote a better working life and thus help our customers succeed. In total, we are responsible for the pension cover of more than 1.2 million people. We have investment assets of EUR 48 billion to cover pension liabilities. For more information, please visit: www.ilmarinen.fi}