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.
With a current focus on Finland, Cobbleyard advised its capital sponsor and investors in a JV that acquired Leipätehdas (eng. Bread Factory). Leipätehdas is an old bread factory that was owned and occupied temporarily by the University of Helsinki.
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.
To date (8/2019), Cobbleyard has leased some 6.500 sqm to a craft chocolate factory, an organization enhancing culture, a leading marketing agency and has introduced a new co-working platform on the top floor. The property offers some 13.400 sqm of lettable area.
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 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 aquired Hermia5 and Hermia6 located in Hervanta, Tampere.
The modern former Nokia buildings are almost fully let and Cobbleyard is in process of even further enhance the well working business campus by adding improved services and leasing out the vacant premises. The properties offers some 30.000 sqm of lettable area.
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.