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Hemsö Fastighets buying Helsinki court building for €200M

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Hemsö Fastighets buying Helsinki court building for €200M

Swedish property company Hemsö Fastighets AB is buying the largely state-leased Helsinki Court House for roughly €200 million.

The building in Ruoholahti offers roughly 50,000 square meters of total leasable area occupied primarily by the Finnish government, including units of the country's Ministry of Justice, which account for 87% of the property's rental income, according to a release.

The property also features office, restaurant, retail and warehouse spaces. It was built in 1940 and was refurbished in 2004 and 2010.

Transfer of the asset is slated for January 2019.