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Image: Kuvatoimisto Kuvio Oy

Quadoro Acquires Mixed-Use Building in Finland

As the portfolio manager for the open-ended special AIF Vontobel Sustainable Real Estate Europe, Quadoro Doric has acquired the office and commercial building “Marble” in a central downtown location in the Finnish city of Turku. Turku is the sixth largest city in Finland with a population of around 190,000. This is the AIF‘s second purchase in Finland.

The building was constructed in 1975 and has 10,180 m² of rentable space spread over 4 storeys as well as a lower level. There are retail stores on the ground floor and lower level and a fitness studio, a clinic as well as office units on the upper floors. In addition, the property has 203 parking spaces in an adjacent car park.

The property is characterised by very good traffic connections and an excellent public infrastructure.

Klaus Kämpf, Head of Sustainability Research Real Estate at Vontobel Asset Management, commented on the acquisition: “The above-average conditions for real estate investments in Finland prompted us to make this purchase in Turku. Turku has achieved excellent ratings in terms of sustainability, particularly in the areas of economy, quality of life and population.”