Cushman & Wakefield advises TH Real Estate in major shopping centre acquisition in Helsinki, Finland

Helsinki, February 24, 2017 – Cushman & Wakefield has advised TH Real Estate’s European Cities Fund in the acquisition of 50 percent of the leading Finnish shopping centre Kamppi. Kamppi is located in the heart of Helsinki and the total lettable area is about 44,700 sq m. The transaction is one of the largest single asset transactions ever in Finland. The assignment was carried out in collaboration between Cushman & Wakefield in Finland and Sweden. 

The seller is a fund managed by the global investment management firm Barings.

Kamppi Centre includes approximately 110 shops, 40 restaurants/cafes, a supermarket, nightclub and a bowling alley. The largest tenants are S-Group, Ruokakesko, Bestseller (with brands Vero Moda, Only, Jack & Jones, Name It) and Clas Ohlson. Well known international brands include: Calvin Klein, Björn Borg, Burger King, Cubus, Espresso House, Guess, Stadium, Starbucks and Subway.

- We are very pleased having assisted TH Real Estate in acquiring Kamppi, an acquisition which clearly is in line with their investment strategy for large regional shopping centres including developments in the Nordic region, says Janne Eriksson, Managing Director, Cushman & Wakefield in Finland. This deal also proves that there is a strong global demand for high quality Finnish properties.

- This is a showcase of the strong Nordic teamwork in Cushman & Wakefield. Our combined expertise in the region benefit our clients directly, says Agneta Jacobsson, Head of Sweden and the Nordics for Cushman & Wakefield. 

TH Real Estate is expected to take possession of the property in June 2017.

For further information please contact;

Agneta Jacobsson
Head of Sweden and the Nordics
+46 70 772 64 62
agneta.jacobsson@cushwake.com

or

Janne Eriksson
Managing Director and Head of Capital Markets - Finland
+358 40 577 6208
janne.eriksson@cushwake.fi

or

Thomas Persson
International Partner, Capital Markets - Sweden
+46 70 533 15 68
thomas.persson@cushwake.com