Press Release

CBRE Advises on the Sale of a Prime Office Property in Tampere City Centre to a Fund Managed by VVT

February 14, 2024 1 Minute Read

CBRE, the global leader in commercial real estate services, is proud to announce it served as the exclusive financial advisor to the Seller in the successful sale of a modern office property located in the heart of Tampere City Centre to a fund managed by VVT. The property, completed in 2020, offers a total leasable area of approximately 13,000 sqm and is multi-let to a selection of grade A tenants, underscoring the continued high demand for such high-quality office spaces.

The property stands out not only for its modern design and prime location, but also for its robust commitment to sustainability. With an EPC A Rating and a LEED Gold Certification, it reflects the growing importance of strong ESG credentials in today's commercial real estate market.

Ilpo Münster, Head of Investment Properties at CBRE Finland, reflected on the transaction saying, "This sale highlights the continued strong demand for prime properties that combine modern amenities, high ESG credentials, and a strategic location. I would like to extend our gratitude to the seller for their trust in our expertise and congratulate all parties involved in the successful completion of this transaction."

CBRE acted as the Seller’s exclusive financial advisor, and Krogerus acted as the legal advisor.

“Despite some recent headwinds for the overall office market, we are witnessing a strong occupier demand for high-quality office space in the right location. The now acquired property meets the occupier market demand as well as our sustainability criteria perfectly. Together with its existing strong cash flow profile the asset makes a perfect fit for VVT’s portfolio.”, says Jan Olin, CEO at VVT Kiinteistösijoitus.

Merilampi acted as legal advisor to VVT.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 cbre.com