Transactions - AUGUST 31, 2020

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Warburg-HIH Invest acquires office development project from NCC in Finland

by Released

Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) has acquired Next, an office development project in the Helsinki metropolitan area, from NCC Property Development. The parties have agreed not to disclose the purchase price.

The property was purchased as part of a forward-funding agreement and will be included in an individual fund. With a gross leasable area (GLA) of roughly 9,200 square meters (tk square feet), the nine-story single-tenant property has 125 bicycle parking spaces and 141 car parking spaces, 30 of which feature charging stations for electric vehicles. The building has been fully let for 12 years to Fiskars Group for its new corporate headquarters. The company is not only Finland’s oldest (established in 1649) but also a true global player, which is represented in 30 countries and generated with some 7,000 employees’ net sales of €1.1 billion ($tk billion) in 2019. The product portfolio of the Fiskars Group includes also brands such as Iittala, We

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