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Nordic Update

Hemsö buys Helsinki courts building for 200 million EUR

Publicerad: 21 December 2018, 08:44

Foto: Hemsö.

Hemsö has agreed terms with Blackstone owned Sponda to acquire the Helsinki Court House in the Ruoholahti district in central Helsinki. The agreed price is 200 million EUR. The majority of the 50,000 sq.m. large building is currently on a long-term lease to the Finnish state


Ämnen i artikeln:

Blackstone GroupHemsö FastigheterSpondaNordanö

Hemsö has agreed terms with Blackstone owned Sponda to acquire the Helsinki Court House in the Ruoholahti district in central Helsinki. The agreed price is 200 million EUR. The majority of the 50,000 sq.m. large building is currently on a long-term lease to the Finnish state and the property is customised for the Ministry of Justice.

Among the tenants are various units under the Ministry of Justice and public-sector tenants account for circa 87 per cent of the rental income. Other premises include office, restaurant and retail spaces.

The building was erected in 1940 according to a press release from Hemsö and it was refurbished in the first decade of this century.

“The Acquisition of the District Court of Helsinki has significantly increased our portfolio of public-sector tenants in Helsinki. This acquisition is well-aligned with our strategy of long-term ownership,” says Nils Styf, CEO of Hemsö, in a comment.

Nordanö has advised the seller in the transaction.

Sverrir Thór

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