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LaSalle E-REGI increases exposure to Nordics
Transactions - SEPTEMBER 11, 2020

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LaSalle E-REGI increases exposure to Nordics

by Released

LaSalle Investment Management has advised the LaSalle E-REGI Fund on its acquisition of a landmark office building in central Helsinki’s most dynamic office market supported by one of the fastest growing populations in Europe. The asset, which is close to fully leased to a diversified tenant base, has been acquired for €45.5 million ($53.8 million)

The office building, known as Arkadia, was designed by the Finnish architect Toivo Paatela and built in 1932, with the most recent renovations completed in 2019. The multi-use property has a total leasable area of more than 10,000 square meters (107,639 square feet) and is home to a range of tenants, including the Finnish Institute of International Affairs, the Research Institute of the Finnish Economy and OP Financial Group.

Arkadia is situated on the fringe of Helsinki’s central business district, an established area that offers excellent public transport links and strong local amenities. The district is expected to

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