Antilooppi continues agile growth in the Helsinki Metropolitan Area by acquiring a landmark office building from Auratum
The newly established real estate company Antilooppi continues rapid growth by acquiring Hämeentie 19 near Sörnäinen metro station from a fund managed by Auratum Kiinsteistöt Oy. The acquired property comprises of three attached buildings with a lettable area of approximately 22.500 sqm. Hämeentie 19 was originally constructed in several phases since 1933 and it has been extensively renovated in recent years. The property currently houses several tenants including Restel Oy, Seure Henkilöstöpalvelut Oy as well as City of Helsinki department of Social Services and Healthcare.
The acquisition is in line with the Antilooppi’s growth strategy to acquire, develop and manage office properties with good traffic connections and trend of urbanization in the Helsinki Metropolitan Area. The strategy of Antilooppi is to become one of the largest property investment companies in Finland within the next five years. Antilooppi is already a significant property owner in the eastern inner city area by owning properties in Hakaniemi and Kalasatama including Ympyrätalo and Sörnäistenkatu 1.
The transaction value is roughly EUR 50 million reflecting a net initial yield of 7,3%. After the acquisition Antilooppi holds in total of 16 assets valued nearly EUR 500 million with a lettable area of approximately 250.000 sqm. Antilooppi is continuously looking for new office opportunities in the Helsinki Metropolitan Area for long term ownership and development.
Antilooppi was advised in this recent acquisition by its operating partner Exsmith Oy, a company jointly owned by Cavendo Ab and Mrec Oy.