JLL has successfully advised AIP and Avant Capital Partners in refinancing an office property, located in Helsinki.
News release
14 August 2024
JLL advised AIP and Avant in refinancing a landmark office asset in Helsinki
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With JLL’s assistance, AIP and Avant Capital Partners were able to secure refinancing with very competitive terms in the current market. The Asset’s exceptional ESG credentials played a key role in securing the full refinancing, demonstrating the strong interest for the very top quality office assets in a challenging market environment.
The modern office property located in address Gebhardinaukio 1 was originally acquired by Korean investor group and a Finnish pension institution Varma in 2020. AIP and Avant Capital Partners manage the asset on behalf of the investors. The property includes several buildings and features a high-quality anchor tenant. The property has been developed with a strong focus on sustainability. All buildings have received an EPC rating B and the asset is aligned with the EU taxonomy's substantial contribution criteria underlining its excellent ESG performance.
Kai Budiansky, Partner, Avant Capital Partners:
“We are very satisfied of this refinancing which proves that there is still strong interest for high quality office assets in the current market. We want to thank JLL for their seamless co-operation and support in this deal”.
Eemeli Lehto, Head of Debt & Financial Advisory, JLL Finland:
“It was a great pleasure to assist AIP and Avant Capital Partners throughout the refinancing of the property. Special thanks belong to both AIP and Avant’s teams for their trust and for the excellent co-operation during the transaction. Despite the challenging market environment, securing such a significant financing is a remarkable accomplishment."
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.