Schroders Capital has sold the historic Sampotalo office property in Turku, Finland, to Niam, following a major renovation and positioning the asset for continued demand in the evolving market.
Information on the Target
Schroders Capital has successfully divested the Sampotalo office property in Turku, Finland, with Advium acting as the seller's advisor in this transaction. This historic building, designed by architect Erik Bryggman, was completed in 1938 and is situated in the heart of Turku. After undergoing a substantial renovation, the property has been revitalized and updated, with the enhancements wrapping up in 2023.
The Sampotalo has a total leasable area of approximately 10,400 square meters, making it a significant property within Turku's urban landscape. It serves as an administrative center for the city, highlighting its importance not just as a commercial site but also as a hub for municipal activities.
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Industry Overview in Finland
Finland's real estate market has shown resilience and growth, with urban centers like Turku witnessing increased demand for both residential and commercial properties.
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Niam
invested in
Sampotalo
in 2023
in a Buyout deal