TH Real Estate €250 million acquisition of 50% stake in Kamppi Centre

Overview:

• TH Real Estate, through its pan-European investment vehicle the European Cities Fund, has acquired a 50% stake in the Kamppi Centre in Helsinki from Barings Real Estate Advisers on behalf of the Nordic Retail Fund.
• The deal will result in the centre being owned as a 50:50 joint venture between the buyer and Allianz.
• The Kamppi Centre is a six floor shopping centre with 393,959 square feet of retail and leisure space.
• Details of the exact amount paid are not public, though the deal values the shopping centre in excess of €500 million.
• TH Real Estate were advised by Cushman & Wakefield.

Jon Moore - Journalist