In a deal worth more than €60m, AFIAA Anlagestiftung für Immobilienanlagen im Ausland bought the Brondankulma office building in Helsinki from CBRE Global Investors. Located in the capital’s central business district, the 11-story, 8,230 sqm Brondankulma was built in 1975 and completely refurbished by CBRE Global Investors in 2013. The building is 61 percent leased to the Hannes Snellman law firm. The tenant mix also includes EQT Partners and MCF Corporate Finance. Ground-floor retailers include BW-Restaurants and an Alko store. Brondankulma has BREEAM Good certification.
“Following the significant refurbishment of Brondankulma and successful leasing of the asset with exceptionally long-lease terms, our business plan was always to sell. We have executed that within the agreed timeframe and in favourable market conditions,” said Rik Eertink, Nordics country manager at CBRE Global Investors. Leimdörfer advised CBRE Global Investors on the deal.
