Tenant is King

The saying "The firm pays our salaries, but we are employed by the customer" is a good guideline in real estate business. The rent flow from tenants, i.e. customers, creates the basis for the entire business. Without the rent flow, there would not be any real estate investments, investment market and yield rates. To top it all off, estimates of the future rent flows will largely determine values…

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Finnish Centre for Pensions sold their office building to Kielo

Kuva: 2018, Kuvatoimisto Kuvio Oy Finnish Centre for Pensions has sold their office building to Kielo, a real estate company managed by Brunswick Real Estate. The 12-storey office property is located in Pasila and comprises circa 18.000 sqm of leasable area. The Finnish Centre for Pensions will remain in the building as a tenant. Ecorum Oy acted as the seller’s exclusive commercial advisor and…

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Ecorum advises CapMan on acquisition of a historical office property in the heart of Helsinki

Picture: 2019, Kuvatoimisto Kuvio Oy CapMan Nordic Real Estate II fund has acquired a historical office property in the heart of Helsinki. The property is located on Pohjoisesplanadi, which is one the most prestigious shopping and office streets in Helsinki. The property comprises circa 2.300 sqm of lettable space and is currently almost fully let. Ecorum Oy acted as CapMan’s commercial advisor.…

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Ecorum advised CapMan on acquisition of an office property

CapMan Nordic Real Estate II fund acquired an office property in the heart of Helsinki, just one block from Esplanadi in the address of Korkeavuorenkatu 30. The prestigious property comprises circa 2.200 sqm of lettable area. The seller was Aberdeen Standard Investments and Ecorum Oy acted as CapMan’s commercial advisor. Additional information: Aarne Nurminen, CEO +358 50 511 4456…

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Recruiting was a success!

Our team has strengthened during Autumn. Tuomas Hirvonen holds a M.Sc. (Tech.) degree and focuses on transaction advisory. He also brings the insight of authorized real estate valuer (AKA) into the projects. Rolf Hyttinen holds a B.Sc. (Econ. & Bus. Adm.) degree. He assists in Ecorum’s projects while completing his Master’s Degree in Economics and Business Administration. For more…

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EXPOREAL 2018 – what a positive event with a few clouds in the sky!

If the money I am investing would be my own - should I make the investment to fulfill my target? If the premises become vacant, can I lease them? Do I really believe in the deal? These simple questions may advise before making the final decision to purchase. In Munich I noticed some investors having doubts and concerns about how long ‘the party’ continues. Some funds have even stopped raising…

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Ecorum is now on Bulevardi

We have moved to a new address with modern office premises. Our new address and phone number are: Address: Bulevardi 6, 00120 Helsinki, Finland Phone: +358 10 419 4900 Our other contact information remains unchanged. Our new office is located on the second floor at the corner of Bulevardi and Yrjönkatu. Q-Park Iso-Erottaja is the closest car park, which has a direct exit to Bulevardi. Come and…

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Finnish Evangelical Lutheran Mission (“FELM”) – Development of a historic building, Sale of residential building right and Tenant representation

FELM´s long term activity aims to promote human dignity and justice around the world. FELM currently has operations in 30 countries with more than 100 partner churches and organisations. FELM decided to sell their headquarter premises at Tähtitorninkatu in Helsinki and the sale was completed in the first quarter of 2018. FELM’s office premises included approximately 100 workstations. Prior to…

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Are we facing a bigger change in the property market?

Has the market already reached its peak? Are we leaning towards downturn? Looking at the news and observing the signals from the market we may have. Understandably each European country is in a slightly different position in the economic cycle, however, we all are facing the same risks. The increasing interest rates, economies cooling down and the unpredictable changes in the political…

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