ING Real Estate Investment Management acquires prime office property in Helsinki (FI)
Tuesday 24 August 2010
ING Real Estate Investment Management announces the acquisition of Brondankulma, a prime office property in the heart of the Helsinki CBD area in Finland from Bronda Properties B.V.
The property will be added to the ING Real Estate Nordic Property Fund (NPF), a semi-open ended balanced core plus fund investing in Sweden, Finland and Denmark. The acquisition is in line with the NPF’s strategy to increase investment exposure to quality assets in Finland and adds to the substantial portfolio that the NPF already holds in Finland.
“The Nordic region has strong projected economic fundamentals combined with mature and transparent real estate markets. As a long-term investor, this transaction reaffirms our belief in the Nordic region and Brondankulma will be a great addition to our portfolio,” said Peter Helfrich, Managing Director of ING Real Estate Investment Management Nordics.
With this acquisition, the ING Real Estate Nordic Property Fund expands its portfolio to 155 properties with a portfolio value of approximately €907 million.
“The transaction is another step in our continuous effort to strengthen and further diversify our Nordic fund, and we are actively looking for further interesting investment opportunities. This asset will in the future offer some of the best office space that can be found in the Helsinki metropolitan area”, said Johan Bråkenhielm, Investment Manager of ING Real Estate Investment Management Nordics.