Castellum Buys Finnish Real-Estate Company From Blackstone and Brunswick for $763 Million
July 05 2021 - 2:25AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish real-estate company Castellum AB said
Saturday that it is buying a Finnish property portfolio through the
acquisition of Kielo from Blackstone Tactical Opportunities and
Brunswick Real Estate for 6.5 billion kronor ($763 million).
Kielo's portfolio consists of 22 office properties spread across
the Helsinki metropolitan area and university towns of Tampere,
Turku, Jyvaskyla and Lahti.
Of the current 314 individual tenants, the public sector,
blue-chip and/or large companies account for 63% of gross rental
income and the largest tenants are public institutions and
blue-chip companies such as AFRY AB, Nokia Corp. and Siemens AG, it
said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
July 05, 2021 02:13 ET (06:13 GMT)
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