PRESS RELEASE 20.09.2020
AVANT CAPITAL PARTNERS SELLS A COMPLETED RESIDENTIAL DEVELOPMENT IN HELSINKI TO CATELLA WOHNEN EUROPA FUND
Avant Capital Partners (Avant), has divested a completed residential development to Catella Wohnen Europa Fund (CWE). The transaction was closed on 18 September 2020.
The development is located in Southern Haaga district in Helsinki – a popular location with great accessibility, and it comprises a total of 2.169 sqm of lettable residential space across 39 apartments. Avant acquired the land in 2018 and subsequently planned and developed the site to a modern and sustainable high-quality residential complex.
“This deal is a very good example of our ability to capitalize our in-house development experience without external capital partners – a welcome addition to our latest transactions which were more focused on delivering on value-add business plans involving large-scale residential and office portfolios as well as sizeable core office blocks for international capital partners. We were glad to see that CWE appreciated the high quality planning and construction and was also able to execute the acquisition very efficiently. We’re confident that the investment will be a success for CWE”, comments Teemu Saxén, partner at Avant.
HPP Attorneys advised the seller on the sale.
Teemu Saxen, tel. +358 40 865 4540, email: firstname.lastname@example.org
Jussi Thusberg, tel. +358 400 778097, email: email@example.com
Lorenz Merk, tel. +358 40 820 9496, email: firstname.lastname@example.org