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Sign in Sign up for a FREE subscriptionUnion Investment buys Helsinki wooden office scheme for €58m
SRV has sold the WithSecure headquarters to Union Investment.
The asset is a wooden office building to be constructed in the Wood City quarter of Jätkäsaari, Helsinki.
The property has been leased to WithSecure, a Finnish cybersecurity company. The total value of the transaction is €58 million ($61 million).
The eight-story office building will have a total floor area of about 8,700 square meters (96,346 square feet).
“We’re delighted to start implementing the last section of the quarter. This project requires specialist expertise in wood construction, which we’ve gained plenty of over the years, including building the Wood City quarter. The new wooden office building wonderfully embodies our lifecycle-wise strategy, which revolves around sustainable and responsible construction,” said Saku Kosonen, SRV’s unit director, business premises in the Helsinki metropolitan area.
Said Kubilay Oezbisikletci, senior investment manager Nordics a
