A LANDMARK CBD PROPERTY IN TURKU, FINLAND, WAS SOLD – NEWSEC ACTED AS THE SELLERS’ COMMERCIAL ADVISOR

27.3.2019

A CBD landmark property Kivikukkaro located at Yliopistonkatu 29 B, Turku, has been sold. The property was acquired by the open-ended special AIF Vontobel Sustainable Real Estate, managed by Quadoro Doric.

The property, built in 1975 and refurbished significantly recently, comprises approx. 10,200 square metres of leasable area, including prime spaces for retail, office and hospital users as well as over 200 parking spaces. The main tenants of the property are Kesko, Tokmanni, Pihlajalinna and Fitness24Seven.

Newsec acted as the sellers' commercial advisor in the transaction.

Castrén & Snellman Attorneys acted as the sellers' legal advisor and Eversheds Asianajotoimisto acted as the buyer's legal advisor.

For further information, please contact:
Rikumatti Forsberg
Partner, Capital Markets, Newsec in Finland
Tel. +358 50 594 1722
rikumatti.forsberg@newsec.fi

Mikko Tenhola
Head of Capital Markets, Newsec in Finland
Tel. +358 40 500 1310
mikko.tenhola@newsec.fi