German lender Helaba announced this week at the Expo Real trade fair in Munich that it has agreed to finance the acquisition by Altaal of an office building at Helsinki Airport with a €40 mln loan facility.
The transaction brings the total loan amount provided by Helaba to Altaal and its brown-to-green platform, Colony, to €128 mln, Helaba said in a statement.
The additional building, called Pilot, is located 500 metres from the terminal of Helsinki Airport. It boasts a leasable area of almost 19,000 m2 over seven floors along with close to 1,300 parking spaces. As a dark green property, it holds Leed Platinum and EPC grade A certifications.
Pilot was bought by Altaal and Colony from local property firm Antilooppi. The largest tenants include Finnair and Veho.
Lars Hegg, head of Real Estate Finance Nordics at Helaba, commented: ‘We are pleased and grateful that Altaal has entrusted us with this additional financing. At Helaba, we stand for relationship banking and are delighted to further strengthen and expand our customer relationship with Altaal. Through its office strategy Colony, Altaal focuses on green and brown-to green strategies which is a perfect fit with Helaba’s focus on green financing. Helaba are happy to be at Altaal’s side and grow together in the Nordics, which is a key market for us.’
Altaal is a Nordic investment firm for alternatives operating through private market plat-forms built on knowledge and societal changes. The firm focuses on real assets with inflation hedged income coupled with positive ESG impact potential.
