(Boursier.com) — Union Investment has acquired, for approximately 58 million euros, an office building project with a wooden structure in Helsinki, in the Wood City district.
This investment was made with SRV, a Finnish construction leader, on behalf of the institutional real estate fund UniInstitutional European Real Estate. This is one of the first projects in Finland to align with the European taxonomy.
“The Nordic countries are an essential part of our investment strategy, which is why, over the past few years, we have gradually extended our activities there. The project in the Wood City district meets high sustainability criteria and will rise in a booming area of downtown Helsinki, so it fits perfectly into our Finnish portfolio,” said Martin Schellein, Head of Investment Management Europe at Union Investment Real Estate GmbH.
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