Union Invest acquires 165 million EUR property in Helsinki

In a 165 million EUR sale-and-lease-back transaction, the City of Helsinki has sold the property Urban Environment House in the Kalasatama area to Union Invest Real Estate GmbH. The property, which is under construction, will have a leaseble floor area and the seller has agreed to sign a 20-year lease with its new owner.

Upon completion, the property is expected to earn a BREEAM Excellent certificate, according to a press release from Newsec, the sellers advisor in the transaction.

Sverrir Thór