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Newsec advices the City of Helsinki in 165 million Euro Sale and Leaseback Arrangement with Union Investment

At the same time, the City of Helsinki has signed a 20-year lease for the entire building.

The property is expected to receive a BREEAM rating of “Excellent” as proof of its high sustainability credentials and construction quality. Newsec has acted as the vendor´s advisor in structuring and executing the transaction since the preparation phase. It was important for the City to ensure achieving both the best price and an affordable rent level. Also as a public entity, the City valued a transparent and market-driven process.

 

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Annika Wahlund Head of Press, Newsec Advisory