Borenius advises abrdn on the EUR 75 million acquisition of Fredriksberg D office project

We advise a fund managed by abrdn on the acquisition of an office project from NCC. The value of the transaction is approximately EUR 75 million. The project is located in Vallila, Helsinki and comprises a lettable area of approximately 8,500 sqm with an occupancy rate of 98% upon completion. Fredriksberg D is the fourth and last phase of the Fredriksberg office project, and the expected completion and closing of the transaction is in the summer of 2022.

Abrdn is a UK-based global investment company with a total of over EUR 500 billion in assets under management. It is one of the largest real estate managers globally committed to sustainable investing and innovative solutions. Abrdn embeds environmental, social and governance (ESG) factors across its investment process and works with multiple partners to address and offset real estate’s climate impact risks.

NCC is one of the leading construction companies in the Nordics and it is listed on the Stockholm Stock Exchange.