JLL advises Tarkala in the sale of grocery-anchored retail and offices premises in Helsinki centre to HOK-Elanto
Tarkala Oy has sold retail and office premises located near Helsinki city centre to HOK-Elanto.
The retail and office premises consist of approximately 4,700 square meter of lettable area and are currently fully let. The anchor tenant is HOK-Elanto, which operates a recently refurbished S-market on the ground floor. The sold premises are located on the ground and on the first floor of three housing companies.
Christian Björklöf, CEO, Tarkala: We have owned the premises for over 20 years ever since the housing companies were built. However, now was the right time to divest the premises and we are very pleased that the premises found a great new owner. A big thank you to HOK-Elanto for the seamless cooperation and to the JLL's project team for a professional sales process.
Timo Myllynen, Head of Asset Management, HOK-Elanto: We have been serving our customers at this property since the housing companies were built. This is a location for our newly renovated S-market Bulevardi and the iconic restaurant Salve. We wanted to take the opportunity and acquire the premises. Many thanks to the seller and all the advisors involved.
Tero Uusitalo, Co-Head of Capital Markets, JLL Finland: We are happy to have been able to successfully assist Tarkala Oy in the sale of the asset. In the current market conditions, investors prefer strong tenants with long leases and grocery-anchored retail assets continues to be in high demand. Thanks to the central location of the asset and our extensive knowledge of the investors we were able to achieve a highly satisfactory result for our client.
JLL acted as Tarkala’s sole commercial advisor in the transaction and Liuksiala & Co acted as the legal advisor.
JLL (NYSE: JLL) is a leading professional services firm that specialises in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.