Antilooppi acquires Merikortteli office block in Helsinki

December 2016

Antilooppi has acquired a landmark office property in Helsinki from CBRE Global Investors for approx. EUR 100 million.

The 27,700 sq m building is built in 1920 and it is located in the Western Inner City of Helsinki in Punavuori. The property features a whole city block and it is one of the most architecturally striking industrial buildings in Helsinki with its brick façade and high ceilings. The building is let to several tenants and the majority of the tenants are in creative businesses, such as media, design and communications. Tenants in Merikortteli include Aller Media, N2 Helsinki, Hasan&Partners and Spotify.

“Merikortteli is an excellent addition to the Antilooppi’s Helsinki Metropolitan Area portfolio. Merikortteli is a well-known landmark building and it considerably strengthens Antilooppi’s footprint in the Western Inner City of Helsinki. The property has a high profile and a strong tenant base, but it also holds long term development opportunities. The Punavuori area in Western Helsinki and the surrounding harbour are developing rapidly in both cultural and commercial sense, while the area is also undergoing a massive residential expansion,” comments Tuomas Sahi, CEO of Antilooppi.

Antilooppi’s advisor in the acquisition was Exsmith Oy.