Stockmann to sell its Book House property

Avance advises Stockmann plc (listed on Nasdaq Helsinki) in the sale of its Book House property in Helsinki city centre to AEW Europe City Retail Fund for a sales price of EUR 108.6 million.

The Book House has a gross leasable area of 8,861 square meters, and the largest tenants are Bonnier Books, HOK-Elanto, Isku Invest and Technopolis.