Nordicum - Real Estate Annual Finland 2015 - Page 57

Opportunity Knocking Union Investment Real Estate sees great potential in Finland – and elsewhere in Nordics Sustainability, energy efficiency and the environment remain the key drivers in the real estate investment sector, says Philip La Pierre, Head of Investment Europe, Union Investment Real Estate GmbH. La Pierre says that his company firmly believes that sustainable practices go hand in hand with economic added value and the viability of sustainable products over the long term. I n fact, Union Investment is one of Germany’s first major property portfolio managers to have conducted a comprehensive analysis of its global real estate fund portfolio according to sustainability criteria. The properties in Finland, for example, are all designed to meet the group’s sustainability requirements, most of them hold BREEAM certificates. The company has been active in the Nordics – meaning, in this case, Finland and Sweden – since 2005. Its portfolio in Finland currently comprises six office properties and a logistics centre in Espoo, Vantaa and Helsinki, totalling some 200 million Euros. In 2013, Union Investment acquired the headquarters of construction company Skanska in Helsinki for its open-ended real estate fund UniInstitutional European Real Estate. Completed in 2012, the property has LEED Platinum certification and is fully let to Skanska. Wanted: Top Quality! The Skanska headquarters building is a good example of the company’s quality-oriented investment approach: “Working with dependable partners such as Skanska, we have established an excellent portfolio in Helsinki within the space of just a few years tha Ё