CBRE acted as the Seller’s advisor: eQ acquires Shopping Centre Malmin Nova in Helsinki from Savills
Special Investment Fund eQ Finnish Real Estate has acquired the Shopping Centre Malmin Nova in Helsinki from a fund managed by Savills Investment Management.
Malmin Nova is a well-known 12,400 sqm shopping centre located in Malmi railway and bus station in Helsinki Metropolitan Area. The property consists of approximately 10,000 sqm retail and 2,400 sqm office and storage space and there are 42 tenants.
Samuel Granvik, Investment Director, eQ Asset Management:
“Malmin Nova is a great add-on to our portfolio with a number of local retail centres. The sustainable location right at the Malmi train station with strong footfall and attractive retail brands are key fundaments when planning and realizing future development potential.”
CBRE acted as the Seller’s exclusive commercial advisor while Roschier Attorneys Ltd acted as the Seller’s legal advisor and Avance Attorneys Ltd as the Buyer’s legal advisor.
Harri Saravuo Senior Director, CBRE Finland T: +358 40 195 9082 Harri.Saravuo@cbre.com
About Savills IM
Savills Investment Management is an international real estate investment manager with offices in Amsterdam, Copenhagen, Frankfurt, Hamburg, Hong Kong, Jersey, London, Luxembourg, Madrid, Milan, Munich, Paris, Shanghai, Singapore, Stockholm, Sydney, Tokyo and Warsaw. As at 30 December 2017, Savills Investment Management managed total assets of around €16.2 billion. Please visit us at www.savillsim.com
About eQ Finnish Real Estate
Special Investment Fund eQ Finnish Real Estate (AIF) is managed by eQ Asset Management Ltd (part of the listed Helsinki-based eQ Plc) and invests in Finnish commercial real estate. The value of the fund’s real estate portfolio is some 603 million euros with approximately 3/4 in Helsinki and Tampere regions. The fund is open quarterly for subscriptions and semi-annually for redemptions. Please visit us at www.eQ.fi .
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.