The former Plantagen property, located at Tammiston Kauppatie 10 in Vantaa, has been sold to Develo Toimitilat Oy. The seller was W. P. Carey Inc., a U.S.-based real estate investment trust (REIT), which owned the property since 2004. The lettable are of the property is 7 200 m².
Plantagen, the previous tenant of the property, filed for bankruptcy on September 30, 2024, paving the way for this transaction.
Develo Toimitilat Oy specializes in developing commercial real estate projects for its own portfolio with a long-term perspective. The company’s operations have been off to a strong start, with several projects already under construction. Develo’s development portfolio boasts a robust selection of high-quality projects across the Helsinki Metropolitan Area.
Newsec acted as the commercial advisor to the seller in this transaction.