Krogerus advised AXA Investment Managers - Real Assets, acting on behalf of one of its clients, on the acquisition of the Kluuvi retail and office asset in the centre of Helsinki, Finland.
The 18,600 sqm seven-storey asset is spread across five separate buildings, with interconnected floors between the basement level and third floor, which comprises the 10,200 sqm retail element of the scheme, known as Kluuvi. AXA Investment Managers - Real Assets has worked together with the Nordic investment manager Cavendo on this transaction. Cavendo will assume the role of operating partner and will be involved in implementing the business plan.
AXA Investment Managers - Real Assets is a global leader in real asset investments and the leading real estate portfolio and asset manager in Europe, with over EUR 76 billion in assets under management.
Partner Marcus Möller led the Krogerus team and he was primarily assisted by associates Kalle Hakkarainen, Jukka-Petteri Hyyppä and Riku Saarinen. Partner Antti Lehtimaja advised on structuring matters and partner Päivi Toivari, primarily assisted by senior associate Jenna Kiiskinen and associate Sanna Heino, advised on financing matters.