UPM-Kymmene Web Site - July 3, 2006
UPM has sold the share capital of its Group Head Office real estate at Eteläesplanadi 2 in Helsinki to the German Allianz Lebensversicherungs-AG for approx. EUR 77 million. UPM will book a capital gain of around EUR 37 million from the sale.
UPM’s Group Head Office will continue to occupy the Eteläesplanadi 2 premises under a long-term lease. Around 300 corporate and divisional staff work at the Eteläesplanadi 2 premises.
Allianz Lebensversicherungs-AG and the company managing its real estate property, Allianz Immobilien GmbH, are part of the Allianz Group. Allianz Immobilien GmbH manages a real estate portfolio with a market value totalling approx. EUR 15.3 billion and an annual rental yield of EUR 1 billion.
Sphere: Related Content
Tuesday, July 04, 2006
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment