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The high-growth metropolitan region of Helsinki remains a key investment focus for Union Investment Real Estate GmbH. The Hamburg-based property investment management company has acquired the new “Alberga B” office building in Espoo for around EUR 23.1 million. Offering approximately 5,590 sq m of lettable space, the property joins the portfolio of open-ended real estate fund UniImmo: Europa. The vendor is Finnish project developer NCC Property Development. The building was only completed in September 2012 and is already around 70 per cent let. The vendor has provided a three-year rental guarantee for the unlet space. Alberga B enjoys a good location in Leppävaara, an established office district on ring road 1 with good links to the bus and regional rail network. Finland’s second largest shopping centre, Sello, is within walking distance. Union Investment is aiming to obtain "Very Good" certification for the property under the British BREEAM sustainability standard.
Alberga B is the second phase of the Alberga Business Park development, which will ultimately comprise five phases. Union Investment acquired the neighbouring Alberga A building in 2010 for the UniInstitutional European Real Estate fund, likewise at the project stage. That property is now fully let. In July 2012, Union Investment also secured the 100 per cent prelet Eventes Business Garden office property in the Espoo district of Helsinki. The office building will be transferred to the holdings of Unilmmo: Deutschland upon completion. Union Investment’s open-ended real estate funds currently hold property assets in Finland valued at some EUR 270 million.
Fonte: CS della Società
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