Region Finland

Castellum’s property portfolio in Region Finland by Category and Area, Dec 31, 2019

 

 

Number
properties

 

Area, 000 sq. m.

 

Rental value, MSEK

 

Rental value
SEK/sq. m.

 

Economic occupancy rate

 

Rental income, MSEK

 

Property costs, MSEK

 

Property costs, SEK/sq. m.

 

Net operating income, MSEK

Offices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Helsinki

 

1

 

14

 

53

 

3,660

 

110.7%

 

58

 

12

 

841

 

46

Total offices

 

1

 

14

 

53

 

3,660

 

110.7%

 

58

 

12

 

841

 

46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

1

 

14

 

53

 

 

 

 

 

58

 

12

 

841

 

46

Key Property Metrics

 

 

2019

 

2018

Rental value, SEK/sq. m.

 

3,660

 

3,577

Economic occupancy rate

 

110.7%

 

99.6%

Property costs, SEK/sq. m.

 

841

 

804

Net operating income, SEK/sq. m.

 

3,209

 

2,759

No. of properties

 

1

 

1

Leasable area, 000 sq. m.

 

14

 

14

Helsinki

Map – Helsingfors – Helsinki (Map)
Property value by category
Property value by category (Pie Chart)
Property value by area
Property value by area (Pie Chart)
Rental Levels and Investment Yield

 

 

 

 

Helsinki

 

 

 

 

Rent, SEK/sq. m.

 

Investment yield

Office and retail refer to rent incl. media, but excl. additions for property tax.

Source: JLL, KTI and Castellum

Offices

 

Prime location

 

4,250–4,500

 

3.40%–4.00%

 

Secondary location

 

3,100–3,600

 

4.5%–5.25%

Retail

 

Prime location

 

14,000–17,000

 

4.00%–4.50%

 

Secondary location

 

8,000–12,000

 

5.00%–5.75%

Warehouse/Logistics

 

Prime location

 

800–925

 

4.75%–5.5%

 

Secondary location

 

550–700

 

5.5%–6.25%

Castellum’s property portfolio in Region Finland by Category and Area, Dec 31, 2019

 

 

 

 

 

 

 

 

 

 

Square meter by premises type

 

 

 

 

No.

 

Property

 

Street address

 

Municipality

 

Year acqu­ired

 

Built/reconst.

 

Offices

 

Retail

 

Ware­house/Logistics

 

Light industry

 

Residen­tial

 

Other

 

Total

 

Land area

 

Tax value

 

Notes

Notes: S=Site leashold L=Lease U=Unutilized building right

 

 

Offices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

Salmisaarenaukio 1

 

Salmisaarenaukio 1

 

Helsinki

 

2018

 

2007

 

14,433

 

 

 

 

 

 

14,433

 

3,309

 

272,957

 

 

 

 

Total offices

 

 

 

 

 

 

 

 

 

14,433

 

 

 

 

 

 

14,433

 

3,309

 

272,957

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Region Finland

 

 

 

 

 

 

 

 

 

14,433

 

 

 

 

 

 

14,433

 

3,309

 

272,957

 

 

Five Largest Property Owners

Helsinki

 

Value, EUR billion

Source: KTI. Purely residential players excluded.

Ilmarinen

 

~4.2

Sponda (Polar Bidco)

 

~3.9

Varma

 

~2.8

Keva

 

~2.5

OP Group

 

~2.4