First-Time Commitment of Commerz Real in Finland

“With this acquisition in Helsinki, we have made our market entry in Finland. It contributes to the ongoing geographic diversification of our real estate portfolio. In connection with our commitment in Sweden, the share of Nordic investments will increase to 6 percent,” said Hans-Joachim Kühl, Member of Commerz Real’s Management Board and in charge of real estate acquisitions. “An attractive purchase yield, the flexible structuring options of the building and high net worth tenants from up-and-coming industries such as bio science and cutting-edge technologies have confirmed us in our commitment. And the sound liquidity buffer of the hausInvest europa puts us in a position where we can benefit from attractive investment opportunities and take on large-volume investments such as this one."

The property is currently let to 90 percent, with the remaining lease terms averaging seven years. The residual floor space is secured through rent guarantees given by the seller.

The site of the “Swing Life Science Center” is a much sought office location in the Keilaniemi sub-market with excellent infrastructure. The office scheme comes with good traffic connectivity to the inner city of the Finnish capital and to Vantaa Airport. The compound of the “Swing Life Science Center” also includes about 600 outdoor and underground car park slots.