Cobbleyard advised an institutional investor in the acquisition of the Helsinki CBD asset Aleksanterinkatu 15. The property, built in 1891, is located by Helsinki’s primary shopping street and offers some 12 200 sqm of lettable area including both retail and office.
Cobbleyard advised its capital sponsors and investors in a JV that acquired Pikonlinna. Pikonlinna is an old hospital just outside Tampere (second largest city of Finland) housing several senior housing and assisted living operators.
Cobbleyard is in the process to improve the technical and commercial characteristics and hence introduce it as an investment grade asset. The property offers some 14.500 sqm of lettable space.
Cobbleyard advised an institutional investor in the acquisition of Porkkalankatu 5 and further have been mandated to manage the property locally going forward. The property offers some 12.000 sqm of lettable area.
Cobbleyard advised its capital sponsor and investors in a JV that acquired Leipätehdas (eng. Bread Factory). The property was acquired in 2016 with the objective to introduce best-fit tenants for the property’s factory romance style in an area of the creative industry. The property was sold in 2021.
During the ownership period, Cobbleyard leased over 10.000 sqm and converted a majority of the spaces to modern loft office spaces. The property offers some 13.400 sqm of lettable area.
Cobbleyard advised its capital sponsors and investors in a JV that acquired and exited K9. K9 is a CBD mixed use property just 150 metres from department store Stockmann in the heart of Helsinki.
Cobbleyard executed is business plan ahead of schedule by splitting the asset and selling off the residential units and upgrade the office space to better fit the Helsinki CBD market demand. The property offers some 2.100 sqm of lettable space.
Cobbleyard advised its capital sponsors and investors in a JV that acquired Hermia5 and Hermia6 located in Hervanta, Tampere. The assets were divested in 2020.
During the ownership period the modern former Nokia buildings were fully let out by Cobbleyard and multiple measures where made to enhance the services in the properties. The properties offers some 30.000 sqm of lettable area.