PRESS RELEASE 11.11.2021
Nordika and Avant acquire mix-use property in Helsinki
Nordika enters into partnership with the local investment and asset manager firm Avant Capital Partners (“Avant”) and together acquires the 34,000 sqm asset. The property in Laajalahdentie 23 is been converted to a mix-use multi-tenant asset. The largest tenants currently are Senaatti (Finnish state) and City of Helsinki. The intention is to invest heavily in the asset in order to generate a modern and environmentally sustainable asset through series of modernization and upgrading initiatives.
Jonas Grandér, CEO Nordika: We very much look forward to once again, and together with Avant this time, implement a similar impact strategy to improve the attraction for the asset which is similar to what Nordika has carried out in other successful lease-up projects in both Finland and Sweden in the past. Upgrades and investments we implement are for the good of people in the building – and to reduce the environmental footprint long term.
Lorenz Merk, Partner, Avant: During the due diligence we have identified a number of initiatives by which we will bring the asset sustainability and tech wise to a different level. Avant has since inception executed multiple successful high-intensity asset management projects and we’re looking forward to implementing the same in this asset as well.
The buyers were advised by PWC, HPP Attorneys and H&H Consulting. The Seller was advised by CBRE and Krogerus.