The Carlyle Group has acquired a portfolio of four buildings in Helsinki from the Pension Fund of the Finnish Broadcasting Company, YLE.
Carlyle Europe Real Estate Partners, the European real estate arm of the Carlyle Group, has acquired a portfolio of three properties located 3-5 km to the North of Helsinki and one property in the tech suburb of Espoo, 17 km to the West . The total lettable space of the portfolio is approximately 35,800 m², consisting mainly of office space as well as showrooms and storage.
“The Finnish real estate market has a promising future reflecting the strong growth in the Finnish economy,” commented Thomas Lindstrom, Managing Director of The Carlyle Group. “We anticipate delivering refurbishment improvements and an increased rate occupancy of these buildings, which benefit from high quality locations.”
Carlyle is investing in this project through its second European real estate fund, Carlyle Europe Real Estate Partners II, a €760 million fund. Carlyle Europe Real Estate Partners was established in 2001.