Special investment fund Trevian Finland Properties I has on 4 July 2019 bought 70.5% of MREC Ruoholahden Metrotori, at Itämerenkatu 14. The acquired property has 6,775 m2 of leasable area, 5,000 m2 of which is office space. There are also retail premises and a nursery on the ground floor.
The acquired property benefits from excellent transport connections. The Ruoholahti tube station with more than 32,000 daily passengers is located under the building. Bus and tram stops are a few steps away.
“Offices in Helsinki CBD and surrounding areas are still attracting tenants, and lease levels have continued on a moderate growth path. There is healthy demand for renovated office space with good accessibility and re-letting is quicker in such properties. The location of the building is excellent, and we will invest in upgrading the property to better meet the demands of today’s office rental market”, says Risto Aro, Director of Real Estate Investments at Trevian Funds AIFM.
The seller’s advisor in the transaction was Newsec.
Partner, Director of Real Estate Investments
Trevian Funds AIFM Ltd
tel. +358 50 420 3950
Trevian Funds AIFM was established in 2017 and it has a license under the AIFM Directive. The company is based on Finland’s strongest property portfolio management expertise. Non-UCITS Trevian Finland Properties I is its first fund to invest in strong cash flow and development potential.