Finland’s largest pension provider Keva has acquired the iconic Stockmann’s Helsinki department store property. In the transaction Ecorum acted as one of the key commercial advisors to the buyer. The total value of the transaction is approximately EUR 390 million.
Stockmann’s department store and most of the other major occupiers have long-term lease agreements, and the property is fully leased.
Ecorum’s client Keva owns residential and commercial properties in approximately 130 locations, mainly in the Helsinki metropolitan area and across other growth centers in Finland. At the end of 2021, the market value of Keva’s direct real estate investments was approximately EUR 2.9 billion.
