IVG Funds acquires office park near Helsinki

IVG Institutional Funds has acquired the Avia Line office park development in the Vantaa Aviapolis area, near Helsinki airport, from Finnish service provider YIT Rakennus Oy for about EUR 30 mln. The total size of the premises is approximately 9,000 m[sup]2[/sup]. The project consists of three office buildings of approximately 3,000 m[sup]2[/sup] each, and a parking garage for 260 cars. The first phase of Avia Line is currently under construction and will be completed in autumn 2008. Major tenants include General Motors Finland Oy. IVG expects the second phase will be completed in 2009 and the third phase in 2010. The German fund manager will have the option to purchase the fourth phase of the Avia Line complex. IVG said that this is the fourth investment carried out in Finland for its institutional fund business.

Premium subscriber content – please log in to read more or take a free trial.
Editor
Profile

Events

Latest news

Best read stories

About PropertyEU

Who are we? PropertyEU was established in 2006 as a truly pan-European information source for real estate professionals. We provide in-depth news, data and analysis of Europe's property markets at a time of increasing cross-border investment, development and financing across the continent and beyond.

Contact information

Office address

Prins Bernhardplein 173
1097 BL Amsterdam

Phone

General:
+31 (0)88 776 73 78

Our media channels

Top
© Copyright PropertyEU 2024.