The Legal 500


Finland > Real estate and construction


Index of tables

  1. Real estate and construction
  2. Leading individuals
  3. 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 negotiatorSamuli 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.

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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

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