For institutional fund strategies, Etu-Töölö / Kamppi carries the strongest investor flag in Helsinki, with prime yields around 5%.

  • Trophy submarket (Etu-Töölö / Kamppi) carries the strongest investor flag.
  • Prime yield: 5%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Helsinki office fund strategy and flag

For institutional fund strategies, Etu-Töölö / Kamppi carries the strongest investor flag in Helsinki, with prime yields around 5%.

TL;DR

  • Trophy submarket (Etu-Töölö / Kamppi) carries the strongest investor flag.
  • Prime yield: 5%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Where core funds buy

Core capital concentrates in trophy stock with long-WAULT income. In Helsinki, that's Etu-Töölö / Kamppi and assets like Sokos Tower (Itä-Pasila), Mall of Tripla.

Where value-add looks

Value-add capital looks at secondary Class A and convertible Class B with repositioning angle. The trophy/secondary cap-rate spread has widened post-2022, which has reopened the value-add basis for repositioning plays.

Key facts

cityHelsinki
countryFinland
regionEMEA
classARentLocal432 EUR/sqft/yr
classARentUsd$470/sqft/yr
vacancy14.2%
typicalLeaseYears5
typicalRentFreeMonths8
submarkets5
primeYieldPct5%
primeYield5%
trophyAnchorEtu-Töölö / Kamppi

Frequently asked questions

Where do core funds buy in Helsinki?
Trophy submarket — Etu-Töölö / Kamppi — and the most defensible long-WAULT assets within it.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

Full sources index · Submit a correction

Related topics