Germany's IVG Institutional Funds has acquired a new waterfront office development in the Ruoholahti district of Helsinki for an undisclosed amount. The vendor is a subsidiary of private investor Ahlström Capital Oy. The building, with an occupancy rate of 97%, is let to five tenants with term leases ranging from two to nine years. The property has a total rental floor space of about 15,000 m[sup]2[/sup] and features conference rooms and a staff restaurant.
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