Union Investment has acquired the Hehku office development in Vantaa, Finland, from NCC Property Development for approximately €20 million.

The office project, which comprises 5,631 square metres of rental space and is more than 50 percent prelet, is due for completion by the end of the year. Hehku is part of the Plaza Business Park, which comprises five office complexes. It will be added to Union Investment’s institutional real estate fund UniInstitutional European Real Estate, formerly Immo-Invest: Europa.