Varma divests EUR 130 million office portfolio

Avance advises Varma Mutual Pension Insurance Company in the divestment of a 124,000 sqm portfolio of 15 office properties in the wider Helsinki area for EUR 130 million to European Property Investors Special Opportunities 4 (EPISO 4), an opportunistic fund advised by pan-European real estate investment manager Tristan Capital Partners. Varma will maintain a 19% interest in the portfolio following the acquisition