Castellum acquires five office properties in Kalasatama, Helsinki

Through a company acquisition of the Finnish real estate group Lindström Invest, Castellum has acquired a real estate portfolio in Helsinki.

The portfolio comprises five office properties with a total lettable area of approximately 36,000 sq.m.

The acquisition price amounts to EUR 150 million, including overheads of EUR 7 million, of which EUR 81 million is paid as a share issue in kind and the remaining consists of takeover of debt.

All properties are well located in Kalasatama, a former port area that the City of Helsinki is now developing into a district intended for 25,000 new residents and 10,000 new jobs. Kalasatama is located 2 km northeast of Helsinki CBD.

The buildings contain high-quality office space and a conference center and Lindström Oy, Suomen Asiakastieto Oy, Nordic Morning Oy are its major tenants.

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