Blackstone and Brunswick sell Kielo to Castellum for approximately EUR 640 million

Avance advises the sellers, Blackstone Tactical Opportunities and Brunswick Real Estate, in the sale of Kielo to Castellum for approximately EUR 640 million.

Kielo was launched in October 2017 with a mission to create a modern real estate company focused on sustainable and high-quality offices across Finland. Today Kielo owns 22 high-quality office properties of which 70% has an environmental certification. The portfolio comprises approximately 237,000 sqm lettable area in Finland’s most attractive growth centers and fastest growing university locations, such as the Helsinki Metropolitan Area, Tampere and Turku.