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Nordic Update

BlackRock buys landmark office building in Helsinki

Publicerad: 12 Oktober 2018, 10:47

Photo: BlackRock

Following its first investment in Finland in September, BlackRock Real Assets has made a second office acquisition in Helsinki. This time around, the US asset management giant, bought a landmark, Renaissance Revival listed building in Helsinki CBD.


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BlackRock Inc.

Following its first investment in Finland in September, BlackRock Real Assets has made a second office acquisition in Helsinki. This time around, the US asset management giant, bought a landmark, Renaissance Revival listed building in Helsinki CBD. The building has a gross leasable area of 9,632 sq.m. and was formerly owned by the Finnish state, serving as offices for various government agencies.

According to a statement from BlackRock, the deal is a continuation of the company‘s increased investment activites in the Nordic region.

“This acquisition is an opportunity to further increase the fund’s Nordic footprint, a region characterized by strong macro and demographic fundamentals as well as a high level of stability,” Thomas Mueller, managing director at BlackRock, comments.

Trevian Asset Management advised BlackRock in the transaction and will serve as a local advisor to BlackRock regarding the property in Finland.

Sverrir Thór

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BlackRock Inc.

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