Its prime and diverse tenant mix, strong central location and excellent connectivity through public transport, make the Kamppi Centre an ideal fit for our European cities strategy. The asset has a strong performance track record and additional asset management opportunities. We look forward to working alongside Allianz to grow and strengthen the asset.
In February 2017, we acquired a 50% stake in the Kamppi Centre, a prime shopping centre located in the heart of Helsinki, creating a 50:50 joint venture partnership with Allianz. Totalling 36,650 sq m (393,959 sq ft) of retail and leisure space across seven floors, the Kamppi Centre features several prime retail brands, including Levi’s, Calvin Klein and Mango, and is anchored by a Stadium sports store and Clas Ohlson. The Japanese lifestyle store Muji plan to open their first full concept flagship store in Europe in November 2019 in Kamppi. The scheme also includes several upmarket independent restaurants and boasts the highest footfall of any shopping centre in Finland, with 33 million visits in 2018.