Metsä Group divests its share in its head office property
Metsä Group press release 22 January 2021
NREP, a real estate investor in the Nordics, has acquired Metsä Group's head office property in Tapiola, Espoo. Metsä Group will have a positive cash flow effect of approximately EUR 44 million from the transaction.
The property has previously been owned by Metsä Group and the Farmers’ Social Insurance Institution Mela. Metsä Group will continue in the property as the primary tenant with a long-term agreement. The property is a workplace of approximately 500 Metsä Group employees.
For further information, please contact:
Arto Lampinen, Senior Vice President, Technology, Metsä Group, tel. +358 40 834 9350
Juha Laine, Senior Vice President, Communications, Metsä Group, tel. +358 10 465 4541
Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and greaseproof papers.
In 2019, Metsä Group’s sales totalled EUR 5.5 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 100,000 Finnish forest owners.