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Finland

Finland > Real estate and construction

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Editorial

Index of tables

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

Leading individuals

  1. 1

Castrén & Snellman acted for OP Financial Group on one of the largest real estate transactions to date in Finland, concerning the construction of the REDI shopping centre and parking facilities in Helsinki. Other clients include StreamTec Solutions AG and OP Financial Group. Department head Matias Wallgren is highly recommended.

Krogerus is esteemed for its transactional real estate work. The firm is representing SRV Group in the ongoing REDI shopping centre project, and advised Veritas Pension Insurance Company on its disposal of the Sola Business Valley in Espoo. Department head Samuli Palin is recommended, and Marcus Möllerpossesses business acumen as well as industry knowledge’.

Roschier advised Deka Immobilien on its acquisition of a health and wellbeing centre development and a Helsinki office building. Further clients include Cordea Savills and Nordic Real Estate Partners. Mika Alanko is a key contact.

Avance Attorneys Ltd acted for EQ Finnish Real Estate on the €48m acquisition of retail property leased to Kesko from a fund managed by Nordic Real Estate Partners. Christopher Charpentier has a ‘pragmatic approach and suggests practical solutions’. Mathias Lindqvist is also recommended.

Borenius advised SRV on the development and sale of Niittykumpu Metro Centre, and acted for Ness, Risan & Partners on the €120m sale and leaseback of a Finnish logistics property portfolio. Christian Fogelholm and specialist partner Saara Paronen are well regarded.

Dittmar & Indrenius is led by Antti Aaltonen, whose team provides continuous legal assistance relating to all of Specsavers Finland’s leases. The firm also advised Finnfeeds Finland on the renewal of a lease arrangement for an industrial site. Other clients include Ikea and Axa Real Estate.

Hannes Snellman has specialist experience in Swedish and Russian real estate cases. It recently acted as lead counsel for Ilmarinen and AMF concerning the leaseback of a portfolio of retail properties in Sweden and Finland worth €652m. Practice head Tapio Teräkivi is highly recommended.

Merilampi Attorneys Ltd represented Etera Mutual Pension Insurance Company in its €93m sale of EY Finland’s head office to Unilmmo. Other clients include Skanska and Niam. Jani Ylä-Autio is noted for his ‘broad industry knowledge’.

Asianajotoimisto DLA Piper Finland Oy acted as Finnish counsel to Cordea Savills Invest in the acquisition and financing of 15 Nordic companies by the Nordic Logistics Fund. Other clients include Holiday Club Resorts and Prime Development. Sanna Pajusalo heads the practice.

Bird & Bird continued to work on several real estate transactions as well as construction and development projects for clients including HYY Group and Esperi Care. Jaakko Hietala is department head and has experience in real estate transactions.

Eversheds Attorneys Ltd advised Ilmarinen Mutual Pension Company on its sale of a property portfolio consisting of 28 residential properties in 15 locations to OP-Rental Yield Fund. Other clients include Realia Group and Delete Group.

Hammarström Puhakka Partners, Attorneys Ltd acted as legal counsel for Finavia on the development of Helsinki-Vantaa airport, valued at €900m. The firm also advised Auratum Assunot Helsinki on the sale of two historic barracks. Practice co-head Jari Tuomala is recommended alongside senior associate and rising star Antti Rikala.

Magnusson is advising Dunlop Fiflex on a property development involving the acquisition of land and building contract negotiations. Other clients include St1 and Accunia. Kenneth Itäinen left the firm in 2015.

Mäkitalo Rantanen & Co Ltd specialises in construction and energy projects, and is providing construction and real estate advice to the New Children’s Hospital project. Aimo Halonen is praised for his industry knowledge and reliability. The well-regarded Juho Lönnblad was promoted to partner in early 2015.

White & Case LLP’s Swedish office provides a comprehensive Nordic region offering. Tanja Törnkvist is a key figure for real estate financing, and Timo Airisto has experience in cross-border real estate mandates.

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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

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Press Releases worldwide

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  • Lower VAT On Hotel Services In Montenegro

    An important piece of regulation has been introduced in Montenegro recently, through the reduction of VAT on catering services in four stars hotels (in the north of the country) and five-star hotels (on the seaside), which will be effective from 2018. According to media reports, Olivera Brajović, General Director of Tourism Development and Standards in the Ministry of Sustainable Development and Tourism, pointed out that these reduced tax rates on services of preparing and serving food and drinks are expected to raise the overall competitiveness in the hospitality sector, while at the same time contribute to the combat against grey economy.
  • Karanović & Nikolić Joins The NextLaw Global Referral Network

    Karanović & Nikolić is pleased to announce that it has joined the NextLaw Global Referral Network, created by global law firm Dentons. We are particularly excited by the fact that Nextlaw presents a new type of network, with a unique invitation-only approach in their selection, ensuring that all of its members have the highest quality standards and a proven track record of excellence.
  • Sweet Smell Of Success - Serbian Sugar Industry Consolidates Its Forces

    After more than a four months and a Phase II (in-depth) investigation, the Competition Commission gave conditional approval, to Sunoko's acquisition of the Star Šećer company and its subsidiary Te-To - the owner of the sugar factory in Senta. No divestments have been required from Sunoko.
  • New Bridge Over Danube To Be Built In Belgrade

    News reports are informing us that Belgrade will gain another bridge over the Danube river in the near future – this one at the Ada Huja island and over three kilometres long.
  • Nikola Tesla Airport To Acquire Sava Centar?

    Media outlets have recently been reporting on the possibility that Nikola Tesla Airport will acquire Sava Centar (SC), with the purpose of turning it into its company headquarters. This acquisition would be followed by an investment of over EUR 30 million in the next three years for the building's reconstruction and adaptation. Such a decision would result in Sava Centar changing its name to "Congress Centre Nikola Tesla Airport", with an expanded array of facilities, including a tower, a shopping mall, and a hotel. The funds for the investment in question will be hailing from the Airport's own assets.
  • Too Big To Hide – European Commission Sanctions Truck Cartel

    Global competition law circles have recently been shaken by the European Commission's record-setting fine of EUR 2.93 billion for collusion on the automotive market, imposed against Volvo, Daimler, Iveco and DAF trucks. The sanctions in question varied amongst the accused parties, with Daimler facing the largest penalty in the amount of more than EUR 1 billion on its own. Iveco's fine was set at EUR 494 million, DAF's at EUR 752 million, and Volvo's fine has been set at EUR 670 million.
  • Cartel Office ensures greater competition in rail sector

    The German railway company Deutsche Bahn must allow for more competition. The Bundeskartellamt, Germany’s Federal Cartel Office, found that the company had abused its dominant market position with respect to the sale of rail tickets.
  • ETERNA LAW IS PLEASED TO ANNOUNCE START OF THE COOPERATION WITH PUBLIC ASSOCIATION "ACADEMY OF PREVE

    Eterna Law (representative office in Almaty) announces the beginning of co-operation as a legal adviser with the Public Association "Academy of Preventive Medicine of Kazakhstan."
  • LAG Sachsen-Anhalt on video surveillance at the workplace

    Video surveillance at the workplace does not inevitably give rise to claims for damages. That was the verdict of the Landesarbeitsgericht (LAG) Sachsen-Anhalt [Regional Labour Court of Saxony-Anhalt] (Az.: 6 Sa 301/14).
  • Final stretch for loan withdrawal

    Those who still want to withdraw from real estate loans concluded between 2002 and 2010 should take action now while the right of withdrawal is on its last legs. This get-out-of-jail-free card is set to lapse shortly.