01. August 2012 Print
Union Investment acquires fully let office project in Finland for UniImmo: Deutschland
The 8-storey development is situated in the established office submarket of Espoo-West, around 12 kilometres west of Helsinki’s business district and easily accessible by motorway. The location is within walking distance of Iso Omena, Finland’s fourth largest shopping centre with around 49,000 sq m of retail space. The Matinkylä metro station is currently under construction next to the centre, with completion scheduled for 2015, which will further enhance the value of the office location.
Union Investment’s open-ended real estate funds currently hold real estate assets valued at around €240 million in Finland. Further acquisitions in the Helsinki metropolitan region are currently being explored to complement the ongoing development at Eventes Business Garden.