Nordic investor Nordika Fastigheter has acquired a partially vacant office property in the centre of Helsinki, Finland, from a German fund in liquidation.
Financial details were not disclosed.
The property is known locally as the former headquarters of Finnish sporting goods company Amer Sports and comprises around 10,000 m2 of lettable area.
The asset, which is currently let to tenants including Silta, Rapala, Fitness24Seven and K-market, has a vacancy rate of around 40%.
According to Nordika, the property has a good underlying quality and excellent development potential. The firm said that its priority was to stablise the asset in the short term, while planning to invest significantly in the building in the long term to achieve full occupation.
Catella and White & Case advised Nordika.