20 February 2019
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BlackRock Eurozone Core Property fund has acquired a mixed-use retail and office asset in the central business district (CBD) of Helsinki last month.
Following the acquisition of an office asset in Hamburg and a portfolio of two logistics assets near Munich and Regensburg, this third investment is consistent with the Fund's strategy of offering its investors a diversified exposure to high quality, income-generating core real estate, in an open-ended vehicle.
Originally built in 1891 and extended in 1959, the 12,200 square meter property is located in the heart of Helsinki's CBD. Aleksanterinkatu is Helsinki's primary shopping street and has the seventh highest footfall of any street in Europe. Tenants at neighbouring properties include internationally-recognised brands such as Louis Vuitton and Mulberry.
The fund has an active investment pipeline and will continue to diversify its exposure across the Eurozone's most liquid markets. The BlackRock Eurozone Core Property fund was advised by Cobbleyard.
