Keskinäinen työeläkevakuutusyhtiö Varma sold a portfolio of 15 office properties to Tristan Capital Partners for approximately €130 million, retaining a 19% minority interest.
Target Information
The target of this transaction is a portfolio of 15 office properties managed by Keskinäinen työeläkevakuutusyhtiö Varma, a Finnish mutual pension insurance company. The properties boast a total leasable area of approximately 124,000 square meters and are predominantly located in the Helsinki metropolitan area. The overall sale price for this portfolio amounts to around €130 million, with Varma retaining a 19% minority share post-transaction.
Industry Overview in Finland
The Finnish real estate market, particularly the office sector, has been experiencing steady growth, driven by increasing demand for office spaces in urban centers. Helsinki, as the capital, holds a pivotal role in this market, benefiting from a robust economy and a business-friendly environment that attracts multinational companies.
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As the economy continues to evolve, businesses are increasingly seeking flexible office solutions that cater to changing work environments. The trend t
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Tristan Capital Partners
invested in
Keskinäinen työeläkevakuutusyhtiö Varma
in 2016
in a Other deal
Disclosed details
Transaction Size: $130M