Catella’s Corporate Finance team acted as advisor to Kanavaranta Helsinki Ltd when the company sold its landmark Kanavaranta building in central Helsinki. The buyer was German investment and asset manager TRIUVA Kapitalverwaltungsgesellschaft.
Kanavaranta is well-known retail, office and residential property in the Helsinki city centre that has been developed significantly in recent years. The restaurants on the ground floor have significantly strengthened the vitality of the whole area. The total lettable area of the property is approx. 7,000 sq.m. The main tenant of Kanavaranta is Royal Ravintolat Ltd which well-known restaurants Sipuli and Nokka are located in the property.
The Property is originally build between 1867 – 1903 and has been converted for the current use between 1985 – 1987. Last year, new penthouse apartments were built to the property. Today, the property has approx. 4,000 sq.m. of restaurant space, approx. 2,200 sq.m. of office space and approx. 700 sq.m. of residential space.
The seller of the property is Kanavaranta Helsinki Ltd which owners are private investors.
Catella acted as the advisor to the seller throughout the sales process.
Catella has a leading position in property advisory services, and has offices in five Finnish cities with 40 employees. Catella’s advisory services have consistently been ranked the best in Finland in Euromoney’s annual survey for several years.
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