Updated Dec 20, 2023
Skanska Acquires Development Site In Espoo, Finland For €23M
Keilaranta 3, 02150 Espoo, Finland
$23,000,000
$464/SF
Building Size
49,514 SF
Asset Type
Development Site
Closing
Nov 24, 2021
About this deal
AI
Skanska, led by CEO Anders Danielsson, has acquired a development site in Espoo, Finland from MSD Finland Oy for a purchase price of €23,000,000. The property, located at Keilaranta 3, 02150 Espoo, encompasses a total area of 49,514 sq. ft. The transaction represents a price of €465 per sq. ft.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: €23,000,000
- Square Footage: 49,514 sq. ft.
- Price per Square Foot: €465
- Address: Keilaranta 3, 02150 Espoo, Finland
Skanska, a leading construction and development company, successfully negotiated the deal through their representative, Anders Danielsson. MSD Finland Oy, the vendor in this transaction, can be commended for their willingness to close the deal at a favorable price. This acquisition marks a significant step in Skanska's ongoing expansion efforts in the Espoo market.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93