JLL advises Castellum AB in the purchase of an office property in Helsinki
HELSINKI, December 14, 2020 – Castellum AB has completed the purchase of an office property in Sörnäinen from CapMan Nordic Real Estate fund on December 11th 2020. The purchase price is approximately EUR 23 million excluding expenses.
Hämeentie 15 is a multi-tenant office property with a total lettable area of 7,879 sq m. Built in 1956 with an extension in 1990, the property benefits from a strategic micro location along the renovated part of Hämeentie, one of the main public transport corridors in the Helsinki city core. Hämeentie 15 boasts a strong tenant roster and a WAULT of 3.2 years at acquisition. The occupancy rate is 86%. On-site services include a gym, a restaurant and a sauna with a terrace on the top of the building.
“Castellum is actively growing, and we are pleased to have been able to facilitate this transaction in Helsinki and support Castellum on their growth path in Finland”, comments Mathias Vuorelma, Co-Head of Capital Markets, JLL Finland.
JLL acted as Castellum’s sole commercial advisor in the transaction. Avance Attorneys acted as the buyer’s legal advisor and Project Law as the seller’s legal advisor in the transaction.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Castellum is one of Sweden's largest listed real estate companies with a property value of SEK 98 billion. Castellum is active in 17 Swedish growth regions as well as in Copenhagen and Helsinki. Every day, 250,000 people go to work in Castellum’s premises. Castellum develop flexible workplaces and logistics solutions in close proximity to city centres and with a lettable area of 4.3 million square meters. One of Castellum’s sustainability goals is to be completely climate neutral by 2030. Castellum is the only Nordic real estate company selected by the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on the Nasdaq Stockholm Large Cap.