South Korean-Finnish consortium which includes Varma Mutual Pension Insurance Company, NH Investment & Securities (NHIS) and Shinhan Investment Corp. have acquired OP Cooperative’s HQ property in Vallila, Helsinki. The value of the transaction is 480 million euros. OP will continue operating in the property under a long-term lease agreement.
The Vallila property comprises a campus in Helsinki in the address Gebhardinaukio 1. The campus was fully completed in 2017. With a total leasable floor area of 74,150 square metres, the property accommodates approximately 6,000 people. Its tenants are OP and Finnish Tax Administration.
Source : Varma