References/30 Aug 2017
Borenius advised Talonrakennusteollisuus in the sale of a hotel conversion opportunity
We advised Talonrakennusteollisuus ry in the sale of its headquarters located at Unioninkatu 14, Helsinki to Barings Real Estate Advisers. The sales price was EUR 16 million. The property currently comprises approximately 4,300 sqm of leasable area. Talonrakennusteollisuus will vacate the property at the end of 2017, after which the building will be fully refurbished and converted by Barings into a 120-room business class hotel.
Talonrakennusteollisuus ry is the joint interest organisation of building contractors, special contractors and the construction product industry. It is a central federation through which over 2500 companies are organised.
Barings Real Estate Advisers is a part of Barings, one of the world’s largest diversified real estate investment managers. The group is an active investor in private and public equity and debt markets that provides core, value-added, and opportunistic investment and advisory services.