The Legal 500


Finland > Real estate and construction

Index of tables

  1. Real estate and construction
  2. Leading individuals
  3. Leading individuals: environment

Leading individuals

Leading individuals: environment

Castrén & Snellman has a strong environmental practice, and has been active across commercial contracts, cross-border real estate transactions and high-value construction projects. It advises Nord Stream on its Baltic Sea pipeline projects; and is acting for Inex Partners, part of the S Group, on a project to build one of the world’s largest convenience goods logistics centres. Matias Wallgren heads the team and ‘enthusiastic’ associate Arimo Leppä is highly recommended. Tapio Teräkivi joined Hannes Snellman.

Krogerus’ core team of four partners is led by department co-heads Juha Wessman and ‘strong negotiator’ Samuli Palin, and has a focus on transactional matters. It assisted Niam Nordic V with the acquisition of two office properties in Helsinki, and advised Citycon and NCC on a joint venture regarding the €175m extension of Omena Shopping Centre. The team also handles disputes, lease agreements and environmental matters.

Roschier acts across real estate acquisitions, property development, fund structuring and finance. It assisted Technopolis with the acquisition of a multi-building office complex from Nokia, and advised Trevian Asset Management on establishing real estate fund Trevian Care I and acquiring a €100m core property portfolio. Team head Mika Alanko handles real estate, environmental law, private M&A and private equity matters.

Avance Attorneys is recognised for its ‘broad-based industry insight’, and has ‘a significant market share in the real estate field’. Christoffer Charpentier and the team focus on large-scale transactions and financing, and recently assisted Sveafastigheter and its local asset management partners on the divestment of several properties. Mathias Lindqvist advised new client Sagax on a €27.3m acquisition.

Attorneys at law Borenius Ltd’s new head of development and construction Saara Paronen joined from Project Law Oy in January 2013. Christian Fogelholm handles transactions, and Casper Herler focuses on environmental matters. The firm advised a Finnish real estate investor in relation to a shopping centre project in St Petersburg involving transactional and construction aspects; and advised Ruokakesko and HOK on a shopping mall development, including zoning and planning issues.

Dittmar & Indrenius has been active in transactions for multinational companies, and advises McDonald’s on domestic lease and purchase matters. It also advised Germany’s HANSAINVEST on the €56.5m acquisition of the Triotto Business Park from YIT Construction, and represented real estate company NREP in court proceedings concerning the acquisition of real estate in Lappeenranta. Antti Aaltonen and Raija-Leena Ojanen are the key contacts.

Hannes Snellman was involved in a broad range of transactions, primarily representing foreign investors. Practice head Juha Lindström led on several sale-and-leaseback deals, and assisted a client in structuring a joint venture investment in a shopping centre. The team also takes on property and construction disputes, and advises on the restructuring and refinancing of property portfolios. Tapio Teräkivi, who is ‘one of the best transaction lawyers in the country’, joined from Castrén & Snellman in November 2013.

Bird & Bird’s department head Jaakko Hietala is ‘pleasant and professional, and has good industry knowledge’. The firm has recently been involved in infrastructure and city developments, data centre projects for major international corporations and public bodies, and the obtaining of environmental permissions. It advised Esperi Care on a major M&A-related lease arrangement, and DigiEcoCity on large-scale construction projects for two model cities being built in China.

Hammarström Puhakka Partners, Attorneys Ltd recently advised Yandex on the construction of a data centre outside Helsinki. Able to draw on significant environmental law expertise, the real estate practice ranges from planning, zoning and land use matters to complex transactions, development projects and construction disputes. Kari Marttinen and Jari Tuomala are the key contacts, and senior associate Antti Rikala is also recommended.

Attorneys-at-Law Juridia Bützow Ltd’s large team provides advice across the spectrum of real estate and construction law. Special counsel Ilmo Korpelainen is ‘an acknowledged and experienced real estate lawyer’.

Mäkitalo Rantanen & Co Ltd’s name partner Juha Mäkitalo advises on complex international and domestic construction and property development projects such as power plants, hospitals and universities. Aimo Halonen focuses on the energy and environment sectors, particularly on onshore wind farms. Clients include foreign investors, energy companies, and municipal authorities (including the Ministry for Foreign Affairs), but not construction companies.

Merilampi was involved in numerous planning, development and construction matters as well as in disputes relating to construction projects. Jani Ylä-Autio advised Etera Mutual Insurance Company and Aktia Life Insurance on property transactions. Team head Teemu Kauttu and Lauri Tolvanen are the key contacts.

Boutique firm Project Law Oy mostly attracts instructions from domestic clients concerning construction projects and associated disputes, land use agreements and arbitration proceedings. The firm has good knowledge of the Russian market. Jukka Aho and Jukka Leino are the main contacts.

White & Case LLP’s focus is on real estate financing and transactions. Team head Timo Airisto and Tanja Törnkvist advised Sato on an innovative €500m secured bonds programme involving rentable homes in Finland and Russia, and assisted Nordea bank with the €80m refinancing of real estate fund Suomen Osatontti.

Press releases

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Legal Developments in Finland for Real estate and construction

  • Construction 2013

    Are all members of consortia jointly liable for the entire project or may they allocate liability and responsibility among them?
    - Mäkitalo Rantanen & Co Ltd

Legal Developments in Finland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • Exempted Limited Partnership Law, 2014

    The Exempted Limited Partnership Law, 2014 (the New ELP Law ) has replaced the Exempted Limited Partnership Law (2013 Revision) (the Previous Law ). The New Law includes significant changes to the Cayman Islands' statutory framework regulating exempted limited partnerships ( ELPs ) that will increase the attractiveness of ELPs and will be appreciated by managers, investors and creditors alike. Private equity sponsors in particular will notice substantial improvements that are indicative of Cayman's continuing commitment to balanced and commercially sensible legislation. Read more...
  • Restructuring and insolvency in Luxembourg (part 2)

  • Enhancements to the Companies (Jersey) Law 1991

    On 23 May 2014, the States of Jersey passed the Companies (Amendment No. 11) (Jersey) Law 201- (the Amendment Law ).  This will now be sent to the UK Privy Council for consideration, then laid before the States of Jersey for a final time before coming into force.  The latest information we have is that the Privy Council will be approving the law on 19 July 2014 and it may come into effect as soon as 4 August 2014.
  • Joost Fanoy appointed partner at BarentsKrans

    The Hague, 4 July 2014 - BarentsKrans has appointed Joost Fanoy as a partner in the Antitrust & Public Procurement department, effective as of July 1, 2014. Joost specializes in European law in general with a particular focus on European and Dutch competition, public procurement and state aid law and is the head of the Antitrust and Public Procurement Practice Group. Joost is also a member of the Cartel damages team of BarentsKrans.
  • PineBridge Acquires 50% Stake in Romatem

    PineBridge Investments Middle East, a global multi-asset class investment manager with regional headquarters in Bahrain, and nearly 60 years of experience in emerging and developed markets, has acquired a 50% equity stake in Romatem, the leading physical therapy and rehabilitation services chain in Turkey.
    - Paksoy
  • Isbank Issued USD 750 Million Notes

    Isbank issued 750 million USD notes under its GMTN programme established in 2013. The notes are listed on the Irish Stock Exchange and bear interest at the rate of 5 % with a maturity date 2021. Mr. Omer Collak (partner) and Mr. Baris Kencebay (head of tax practice) have acted for the joint lead managers Barclays, Citigroup, HSBC, National Bank of Abu Dhabi and The Royal Bank of Scotland.
    - Paksoy
  • Halkbank Issued USD 500 Million Notes

    Halkbank issued five-year term fixed interest rate US currency notes, with a total amount of USD 500 million  with an interest rate of 4.765 %  and an annual coupon rate of 4.750 %. The notes offered the lowest borrowing rate in the first five-month period of 2014, and total demand rose nearly nine-fold due to high investor interest. The note issuance drew great interest from international investors settled in the Middle East and Asia, as well as those investors based in the US and Europe. Mr Omer Collak (partner) and Mr Baris Kencebay (head of tax practice) have advised the joint lead managers.
    - Paksoy
  • Turkiye Finans to Issue Ringgit Sukuk to Raise Up to MYR 3 Billion In Malaysia

    Turkiye Finans issued the first ringgit sukuk originating from Turkey. The bank initially raised MYR 1 billion with a five-year commodity sukuk on June 30, with an annual return of 6 %. The sukuk under the programme will have tenure of one to 20 years. Funds raised will go towards general corporate purposes. The sukuk will be issued through TF Varlik Kiralama A.S., a wholly-owned subsidiary of Turkiye Finans. Malaysia's RAM Ratings has accorded the programme an indicative long-term rating of AA3. HSBC Amanah Malaysia and Standard Chartered Saadiq were the joint advisers. Mr Omer Collak (partner) and Mr Baris Kencebay (head of tax practice) have advised Turkiye Finans and the issuer TF Varlik Kiralama A.S.
    - Paksoy
  • Ziraat Bank Established GMTN Programme to Issue Bonds Worth USD 2 Billion

    Ziraat Bank, the largest state owned bank of Turkey, established GMTN programme on 21 May 2014, for the notes to be issued up to  USD 2 billion listed on Irish Stock Exchange. The notes are unconditional, unsubordinated and unsecured obligations, and rank  pari-passu with Ziraat Bank's other senior unsecured obligations.
    - Paksoy
  • Vakifbank Sells EUR 500 Million Notes Under USD 5 Billion GMTN Programme

    Vakifbank issued EUR 500 million 5-year unsecured and unsubordinated notes under the first GMTN programme of Turkey established in 2013. The notes are listed on Irish Stock Exchange and bear interest at the rate of 3.5 % p.a. with a maturity date 17 June 2019. This is the very first EUR denominated RegS offering of a Turkish entity.
    - Paksoy