CBRE Global Investors have completed the sale of the KLUUVI building to AXA IM – Real Asset on behalf of the CBRE Nordic Property Fund. The 18,600 sqm KLUUVI block has 10,300 sqm of retail space, 8,600 sqm of office space, as well as 108 car parking spaces. It was visited by 4 million people in 2017 and at the time of sale, 91 percent of the 38 units were leased. Andreas Norberg, Head of Investment Operations Nordics said that strong market conditions in Finland had made now the right time for the sale. ”Kluuvi has proven to be a strong contributor to the retail landscape in the city centre of Helsinki, attracting significant footfall to the centre every year,” said Norberg. “We have completed the business plan for the asset and the strong market conditions in Finland have provided a good timing for its disposal.”
