Real estate and construction in Finland

Borenius

Borenius advises on major real estate transactions, particularly dealing with residential, social and healthcare real estate properties. The team is also especially strong regarding construction and development projects involving zoning laws, land use arrangements, and major industrial projects in the energy and pharmaceuticals sectors. The practice is jointly led by Saara Paronen, Ari Kaarakainen and Christian Fogelholm, who cover niche areas including land use issues, complex joint venture structures and real estate financings. Managing partner Casper Herler focuses on infrastructure projects, financing arrangements and environmental liability assessments.

Practice head(s):

Saara Paronen; Ari Kaarakainen; Christian Fogelholm

Other key lawyers:

Casper Herler

Testimonials

Borenius’ ability to set up teams and/or introduce us to relevant people within their business is what makes them special. There’s a high level of partner involvement ensuring we as a client feel heard and the person carrying out the service is always very receptive a delivers great quality. Borenius has advised us within real estate transactions, HR related issues and compliance.’

Borenius is one of the biggest law companies in Finland. They have expertise in all of the business areas. What makes them different from other big ones is that they really focus on the customer and the case at hand. The response time and capability to deliver over evenings, weekends is exceptional.’

Ari Kaarakainen is a very experienced professional with a very wide knowledge. He handles himself in deals in an exceptional way – drives the customers case but in a collaborative way. He usually gets his opining through without screwing the deal dynamics.

Key clients

Aberdeen Standard Investment

Ilmarinen Mutual Pension Insurance Company

Peab AB

Annehem Fastigheter AB

S-Pankki Oyj

A. Ahlström Kiinteistöt Oy

Citycon Finland Ltd.

Technopolis Oy

Varma Mutual Pension Insurance Company

Morgan Stanley Real Estate Investing

Fennia Mutual Insurance Company

JM Suomi Oy

Alma Property Partners Oy Ab

Newil and Bau Oy

CapMan Real Estate

Work highlights

  • Advised CapMan on the acquisition of a rental residential property portfolio from ICECAPITAL (through purchase of ICECAPITAL Housing Fund IV Ky). The transaction value is over €500m.
  • Advised Varma on the establishment of a joint venture with YLVA for the Lyyra development project.
  • Advised investors Ahlström Capital, Aktia Life Insurance and Kirkon Eläkerahasto on an agreement to build and lease new R&D premises to Kemira as part of the Green Chemistry Park concept to be built in Finnoo, Espoo.

Castrén & Snellman

The ‘very effective‘ real estate and construction team at Castrén & Snellman is noted for advising on all aspects of major Finnish commercial and residential development projects, real estate transactions and environmental law. As head of the real estate investments and transactions department, Antti Kaakkola focuses on real estate joint venture arrangements and complex development projects, while Matias Wallgren leads the environmental and infrastructure team. The international projects team is lead by Uwe Uusitalo, who works alongside Tuomas Lehtinen and Samuli Tarkiainen. Additionally, real estate transaction expert and counsel Tanja Tuominen joined from Bird & Bird in February 2021.

Practice head(s):

Antti Kaakkola; Matias Wallgren; Uwe Uusitalo

Other key lawyers:

Tuomas Lehtinen; Samuli Tarkiainen; Tanja Tuominen

Testimonials

The team is very effective. People are very practical and understand the clients industry. They don’t make problems, they focus on real matters.’

Antti Kaakkola is very professional lawyer, he can always find the integral issue.’

Castrén & Snellman is one of the biggest law firms in Finland and we have a long-term client relation with them. They are Finland’s top professionals not only in real estate and construction matters but their experts can also advise us on other fields of law related to real estate transactions such as competition, public procurement, tax, and structuring issues. Due to many common projects with Castrén & Snellman they have deep understanding of our business and practices which makes working with them easy.

The lawyers in Castrén & Snellman are business-minded and they focus on the essential in carrying out the deals smoothly. Not only experts in their field of law, they are also warm and friendly people.’

Key clients

Sagax Finland Asset Management Oy

OP-Public Services Real Estate Fund

NREP

MVH-Kiinteistöt Oy

eQ Residential Fund

eQ Community Properties Fund

OP Life Assurance Company Ltd

YIT Corporation

Illusian Group Oy

Samla Capital Oy

Newil and Bau Oy

Finnish Lifelong Learning Foundation (Kvs Foundation)

OP Bank Group Pension Foundation

OP-Rental Yield non-UCITS fund

OP-Public Services Real Estate Fund

Suomen Standardisoimisliitto SFS ry (Finnish Standards Association SFS)

DWS Real Estate GmbH

Schroder Real Estate Kapitalverwaltungsgesellschaft mbH

Smart Windpower, Mincovest ja GE Energy

Work highlights

  • Advised DWS on an agreement with Finnish contractor SRV regarding the sale and construction of three residential assets to be built on behalf of one of DWS’s institutional real estate funds in the Capital Region of Finland.
  • Advised Sagax on its purchase of HKScan’s logistics and production complex in Vantaa, Finland.
  • Advised YIT on the sale of Bulevardikortteli office block in Järvenpää to German real estate investment company Quadoro.

Hannes Snellman

Hannes Snellman ‘delivers results‘ for clients operating in the real estate and construction sectors, often handling large real estate transactions and complex development and construction projects. It also has strong expertise in real estate dispute resolution, environmental and construction-related regulatory work, due diligence matters and construction contracts. It is particularly noted for its work for clients in the wind and hydropower sectors. Practice head Tapio Teräkivi is active in sale and leaseback agreements, while ‘driven young partnerMatti Lajunen specialises in real estate transactions and cross-border financing arrangements. Recently promoted partner Katja Perätalo also contributes to the practice.

Practice head(s):

Tapio Teräkivi

Other key lawyers:

Matti Lajunen; Katja Perätalo

Testimonials

Hannes Snellman has provided us with excellent service with result oriented approach and efficient on-time service. The team keeps their focus on the meaningful matters and delivers results in matters benefiting us the most.’

Matti Lajunen is a driven young partner with a real hands-on approach. His participation in all aspects of the engagement, availability for all matters concerning us and ready made proposals from subject to clients approval pre negotiations with the counterparts has delivered outstanding results for us. Within negotiations, Matti is sitting in the drivers seat, to deliver us the best available outcome.’

Matti Lajunen is very easy to work with and very responsive.

It felt like the team, led by Matti Lajunen, treated the case as if it was their own personal case, which produced an excellent result: Findings and problems were presented clearly alongside possible solutions, saving our time. In addition, the law team was able to concentrate on the most essential aspects of the case and consider it from a commercial perspective.’

Matti Lajunen treated our cases as if they were his own, while always maintaining a clear focus on the relevant details. We especially appreciated Matti’s communication skills not only with us, but also with the opposing party. Even though we had difficult issues to solve, Matti’s skilled negotiation avoided disputes and helped us find a solution together.’

Hannes Snellman’s staff always have time to delve into my problems. I can get help with general legal issues, even though no actual case is going on. The competence is at a very high level. Response times are reasonably short. Billing is at a reasonable level.’

Key clients

YIT Corporation

Keliber Oy

Tornator Oyj

Remeo Oy

Castellum AB

Areim Investment 3-11 AB

Exilion Real Estate I Ky

Cofinimmo

OX2

Nyfosa Finland AB

NREP Oy

SRV Group Plc

Work highlights

  • Acted as counsel to Castellum on its approximately €640m acquisition of property company Kielo from Blackstone Tactical Opportunities and Brunswick Real Estate.
  • Acted as counsel to Keliber in respect of the construction of the company’s lithium project in Central Ostrobothnia, Finland.
  • Acted for YIT on the disposal of Finland’s largest wind power development project to OX2.

HPP Attorneys

The ‘professional‘ and ‘solution-oriented‘ team at HPP Attorneys advises on complex real estate development projects across a wide range of industries including tunnels, nuclear power plants and airport expansion projects, as well as major waste and energy power plants. Joint department head Jari Tuomala ‘truly stands out‘ in regards to real estate investment transactions and development and construction projects, and is particularly experienced in industrial and infrastructure projects, while Kari Marttinen is an expert in environmental and land law, and Leif Laitinen deals with complex cross-border real estate transactions and development projects.

Practice head(s):

Jari Tuomala

Other key lawyers:

Leif Laitinen; Kari Marttinen

Testimonials

‘The HPP Real Estate team provides very good value for money: they understand the business and are experienced people with a “no nonsense” attitude.’

‘Leading partner Jari Tuomala is an experienced and capable real estate lawyer with a long history within the business.’

‘HPP’s team is highly driven and solution-oriented. They communicate well before the actual deal phase and clearly present how they could help in the deal. The team led by Leif Laitinen is willing to work hard to achieve the goals and timelines set. Always reachable by mail and phone with good energy and team spirit. So far every single deadline has kept well. No unnecessary invoicing, solid estimates of the costs.’

‘Leif Laitinen has been very eager and determined to win deals. His great attitude influences the whole team. Potential cases have been discussed before the actual deal phase and Leif has been able to illustrate how we could benefit from his experience in the field.’

‘The key persons of the team have a long experience and pragmatic approach always aiming to solve the clients issues efficiently and with high quality. They are always reachable and willing assist with high quality regardless of the complexity or size of the assignment. They never miss the deadlines and based on my experience they use their resources very efficiently which from client’s perspective leads to lower fees compared to their peer group.’

‘Jari Tuomala truly stands out with his broad experience in real estate, construction and environmental issues. His pragmatic approach, outstanding problem-solving skills and excellent availability makes him our preferred legal adviser in real estate related issues in Finland.’

‘Professional, swift and not complicating things. High value for money.’

Key clients

Yleisradio Pensionfund

Senate Properties

Avant Capital Partners

Taaleri plc

Cibus Nordic Real Estate AB

Helsinki University Properties

Akita Asset Management Ltd

Fennia Varainhoito Ltd

Pontos Group

Aktiivihallit Ky

Veritas Pension Insurance Company

Trophi Fastighets AB

Serea Properties AB

Projekti GH Oy

Samhällsbyggnadsbolaget i Norden AB

Elite Finland Added Value Fund II Ky

Elite Alfred Berg Vuokratuotto Erikoisijoitusrahasto

Auratum Real Estate

Elite Real Estate Development Fund I Ky

City of Helsinki

LUHTA-Kiinteistöt Oy

Finavia plc

Grand Residence Development Oy

Patrizia Finland Oy

Plantagen Finland Oy

AIG Europe Ltd

CGI Finland Oy

Work highlights

  • Advised SBB in the acquisition of a care property portfolio consisting of 55 real estate properties.
  • Assisted Veritas in a transaction in which it acquired a real estate company, which owns the Lauttis shopping centre, from a fund managed by Aberdeen Standard Investments.
  • Advised Avant Capital Partners on a divestment of a completed residential development to Catella Wohnen Europa Fund.

Krogerus

Krogerus advises European investors, real estate funds and construction companies on high-profile real estate transactions including divestments, investments and acquisitions of property portfolios. The team also advises on day-to-day management issues, portfolio restructurings and the negotiation of complex lease agreements. Practice leader Marcus Möller and Joakim Jansson specialise in real estate acquisitions, divestments and joint ventures, while Teppo Vuorela is a key name for construction, zoning, planning and environmental matters. Pyry Somervuori is known for his ‘in-depth knowledge‘, advising on complex real estate and development transactions.

Practice head(s):

Marcus Möller; Joakim Jansson

Other key lawyers:

Teppo Vuorela; Pyry Somervuori

Testimonials

The team we have been working with has shown a high level of dedication and reactivity throughout all transactions in which they assisted us.’

In addition to his in-depth knowledge of market practices in the real estate sector, particularly in the health care field, Pyry Somervuori demonstrates a business spirit and practicality that is highly appreciated in our transactions.’

They are very competent in analysing the situation and offering solutions. They also can reach good results with their arguments in negotiations.’

The knowledge and competence of Marcus Möller is outstanding. He has a business-oriented mindset combined with thorough legal expertise. This is valuable when analysing or negotiating new deals with the seller.’

Good working attitude and great service.’

Marcus Möller is a a solid leader of the team.’

Key clients

AB Sagax

Ahlström Capital

AIP Asset Management

Areim

Avant Capital Partners Oy

AXA Real Estate Investment Managers Scandinavia AB

Catella Residential Investment Management GmbH

Cofinimmo SA

eQ

Hemsö Fastighets AB

Invalidisäätiö

Lehto Group Plc

LocalTapiola

Nordisk Renting

Northern Horizon Capital

Sponda plc

United Bankers plc

Work highlights

  • Advised PATRIZIA AG on the acquisition of a residential property portfolio comprising 9 assets and 461 apartments from Taaleri.
  • Advised AB Sagax on the divestment of a grocery store portfolio of 72 grocery stores to Cibus Nordic Real Estate AB.
  • Advised A. Ahlström Kiinteistöt Oy, a subsidiary of Ahlström Capital, on its investment into Avain Yhtiöt.

Roschier

Roschier has ‘very good capabilities‘ regarding multi-jurisdictional real estate portfolio transactions, and also provides advice on land lease agreements, green building issues, lease matters and construction projects. Clients include global, German and Nordic real estate funds, blue-chip companies and investors, and the group is particularly strong in Finnish-Swedish real estate matters. Antti-Jussi Partanen specialises in high-value real estate, energy and infrastructure transactions. In May 2021, Mika Alanko departed for an in-house position.

Practice head(s):

Antti-Jussi Partanen

Testimonials

Good market knowledge and a possibility to advise clients to find solutions rather than just pointing to problems.’

The team always deliver thoughtful advice on time which makes them a highly reliable business partner.’

The real estate and construction practice has very good capabilities in providing advice for real estate transactions and complex construction projects.’

Key clients

Altaal

Carnegie

Wasagroup

Deka Immobilien GmbH

AXA Real Estate Investment Managers

CBRE Global Investors

UBS Real Estate GmbH

Trevian Asset Management Oy

NREP

Warburg-HIH Invest Real Estate GmbH

eQ Finnish Real Estate

M7 Real Estate

Corpus Sireo Real Estate GmbH

Pareto Securities AB

Cromwell European Real Estate Investment Trust (CEREIT)

Royal Areena Oy

Amundi Asset Management

Work highlights

  • Advised Altaal and Carnegie on the establishment of a new investment company and the acquisition of its first office asset under a brown-to-green investment theme with the name Green Yield.
  • Advised Pareto Securities on the acquisition and subsequent property development of the SOK headquarter in Helsinki.
  • Advised NREP on the approximately €90m acquisition of a head quarter level office property centrally located in Espoo, Finland from Metsä Group’s parent company Metsäliitto Osuuskunta and Mela.

Aleksandra Attorneys Ltd

Led by ‘solid professional‘ Samuli Palin, real estate boutique Aleksandra Attorneys Ltd specialises in major real estate transactions, particularly matters involving acquisitions by German and Nordic investors and real estate funds. Rami Laatsalo focuses on real estate portfolio transactions, property developments and general commercial real estate law, while ‘hardworking doerMichelle Merlich covers real estate transactional work and property development projects.

Practice head(s):

Samuli Palin

Other key lawyers:

Rami Laatsalo; Michelle Merlich

Testimonials

Good overall service, with can-do attitude.’

Samuli Palin is a solid professional in all fields of real estate. Michelle Merlich is a hardworking doer who has helped us in many projects.’

Despite of its small size, Aleksandra can handle large and complex transactions. The team has excellent knowledge of real estate and is very flexible and the response time is extremely short.’

Samuli Palin is one of the leading experts in transactions in Finland. He has a wide understanding of the customer’s business, understands the deal dynamics and can use those as an advantage in negotiations.’

Very business minded. No-nonsense focus on process. Quick and fast execution leads to high quality at competitive total cost.

Highly-experienced. Very business-minded. Know their stuff. Can handle negotiations very far independently. Samuli Palin is one of the absolute best real estate lawyers in Finland.

Key clients

Commerz Real

Union Investment Real Estate GmbH

Genesta

Cibus Nordic Real Estate AB

Areim

Redito AB

CapMan Real Estate

Skanska

UB Nordic Property Fund

Exilion Capital

Antilooppi

Kielo

OP Real Estate

Renor

UB Finland Property Fund

Varma Mutual Pension Insurance Company

Work highlights

  • Advised Cibus Nordic Real Estate AB on the acquisition of a major grocery portfolio consisting of seven retail and grocery assets.
  • Advised Union Investment, acting on behalf of real estate fund UniImmo: Deutschland, on the acquisition of the residential development project “Hyperion”.
  • Advised UB Finland Property Fund, a special investment fund managed by UB Fund Management Company Ltd, on its acquisition of two residential development projects from SRV.

Avance Attorneys Ltd

Avance Attorneys Ltd advises international clients on real estate transactions and industrial and infrastructure projects, especially regarding healthcare, residential, hospitality and education properties. It also has a strong construction practice, as well as additional expertise in environmental and energy-related matters. Practice co-head Christoffer Charpentier focuses on real estate transactions and projects in the energy, infrastructure and natural resource sectors, while Mathias Lindqvist also leads the practice. Björn Söderblom deals primarily in transactional work for clients in the industrial sector.

Practice head(s):

Christoffer Charpentier; Mathias Lindqvist

Other key lawyers:

Björn Söderblom

Testimonials

I recommend Avance’s real estate practice because of the extraordinary commitment both from their partners and associates.’

Christoffer Charpentier has excellent overall knowledge from both transactions and other real estate related issues.’

They are very professional and they know our business and procedures very well. During the years they have been able to support and advise us in a way that corresponds with our way of doing business. They work very efficiently and fast. They are also good at negotiating the deal on our behalf in a very polite and friendly way.’

Mathias Lindqvist has been able to recruit, cultivate and build a team that always delivers.’

The team really knows our business and always look for best possible solutions for the client. Compared to other firms I have really felt I’m getting outstanding service in all areas.’

Mathias Lindqvist is very special when it comes to skills and customer minded approach. Same goes with the whole team. This consistency can be seen in all cases.’

Key clients

Brunswick Real Estate

eQ

Hemsö

Regenero

NCC Property Development

Ålandsbanken

Sirius Capital Partners

Cobbleyard Real Estate

Nordic Real Estate Partners (NREP)

Antilooppi

Sagax

YIT Finland

Castellum

Metsäliitto Cooperative

The Farmers’ Social Insurance Institution Mela

HGR Property Partners

Varma Mutual Pension Insurance Company

Nordisk Renting

Work highlights

  • Advised the sellers, Blackstone Tactical Opportunities and Brunswick Real Estate, on the sale of Kielo to Castellum for approximately €640m.
  • Advised eQ Care – Special Investment Fund on the sale of an approximately €222m healthcare property portfolio encompassing altogether 55 assets to Samhällsbyggnadsbolaget i Norden AB.
  • Advised YIT and Ålandsbanken Residential Property fund’s joint venture ÅB Kodit Ky on the sale of its housing stock, consisting of 10 apartment buildings, to UK-based M&G European Property Fund, for approx. €148.5m.

DLA Piper Finland Attorneys Ltd

DLA Piper Finland Attorneys Ltd primarily advises international and Finnish real estate investors, banks and real estate funds on real estate acquisitions, financings and development projects. Practice head Mikko Larvala advises on complex real estate transactions and property development projects, while Antti Niemi focuses on real estate finance work and litigation and arbitration proceedings. Notably, real estate transaction expert and counsel Timo Valkama joined the team from an in-house role in mid-2021.

Practice head(s):

Mikko Larvala

Other key lawyers:

Antti Niemi; Timo Valkama

Key clients

Morgan Stanley

Real I.S

LaSalle Investment Managers

Round Hill Capital

Varma Mutual Pension Insurance Company

Corum Asset Management

Trevian Finland Properties I

Senate Properties

Suomen Kaupunkikodit

Helaba

Premico Group

Collector Bank AB

Heimstaden AB

Work highlights

  • Assisted Real I.S. AG with its acquisition of an office building in Helsinki for the real estate special AIF BGV VIII Europa – its first acquisition in Finland.
  • Assisted HKScan with the sale and leaseback of its main production facility in Vantaa to Sagax.
  • Assisted Heimstaden with its two Finnish acquisitions between June and July 2021.

Eversheds Asianajotoimisto Oy / Eversheds Attorneys Ltd (a member of Eversheds Sutherland)

Leveraging the firm’s global network to provide cross-border support, Eversheds Asianajotoimisto Oy / Eversheds Attorneys Ltd (a member of Eversheds Sutherland) provides assistance to EU and Finnish clients on transactions, project financings and construction matters, including major wind farms and other renewables projects as well as data centres. Pekka Kokko advises on real estate transactions and construction commissions; he leads the team alongside Saara Raitala and Juha Kallioinen, while Sirkka Terho focuses on transactions, environmental issues and renewable energy matters.

Practice head(s):

Pekka Kokko; Saara Raitala; Juha Kallioinen

Other key lawyers:

Sirkka Terho

Testimonials

Excellent knowledge and ability to produce high quality agreements.’

They understand the Finnish market and the legal framework relating to real estate.’

Quick turnaround and punctuality. We worked with Sirkka Terho.’

Key clients

Elo Mutual Pension Insurance Company

Microsoft Mobile Oyj

Mutual Pension Insurance Company Ilmarinen

Ficolo Oy

Quadoro Doric Real Estate GmbH

Otava Oy

KEVA

Eläkekassa Verso

ISS Palvelut Oy

Erikissijoitusrahasto Fennica Toimitilat

Otavamedia Oy

Talvivaara Sotkamo Oy

AVAIN Asumisoikeus Oy

Glennmont Clean Energy Fund III B.V.

Value Pension Fund and Value Mutual Pension Insurance Fund

Aquila European Renewables Income Fund

Nuorisosäätiö

Lehto

Children’s Day Foundation

Avara Ltd

Työyhteenliittymä Sammalvuori

Helsinki Foundation

Vantaan Valo Ky

Real estate funds managed by eQ

Work highlights

  • Acted as the sole counsel to Mutual Pension Insurance Company Ilmarinen on an arrangement of the logistics branch with several undisclosed parties.
  • Advised GR Wind Farms 1 Limited, a fund managed by Greencoat Capital, on its acquisition of Kestilän Kokkonevan Tuulivoima Oy from ABO Wind, marking the fund’s first investment in the Nordic market.
  • Assisted SigmaRoc plc as it acquired all shares in Nordkalk Oy Ab from Rettig Group Oy Ab.

Merilampi Attorneys Ltd

Merilampi Attorneys Ltd is noted for its work in Finnish real estate transactions regarding a wide range of retail, logistics and public sector properties. The team is particularly strong in construction law, advising on complex industrial projects, and is experienced in construction litigation and arbitration. Department head Emma Niemistö is a key resource for construction litigation and arbitration, especially concerning construction liability matters, while Jani Ylä-Autio advises on complex domestic and international real estate deals. Tommi Elo focuses on real estate transactions and finance mandates.

Practice head(s):

Emma Niemistö

Other key lawyers:

Jani Ylä-Autio; Tommi Elo

Key clients

YIT Construction Ltd

Skanska

Hartela

Union Investment Real Estate GmbH

Keva

Elo Mutual Pension Insurance Company

Sweco group

Ylva

Avara

Pirkanmaa Hospital District

South Savo Social and Health Care Authority

Ilmarinen Mutual Pension Insurance Company

University Properties of Finland (SYK)

Are Ltd

Senate Properties

Aberdeen Standard Investment

Work highlights

  • Advised Lindström Invest Oy’s shareholders on the sale of the real estate company’s entire share capital to Swedish listed real estate company Castellum.
  • Advised Skanska on a development project with Union Investment Real Estate GmbH whereby the objective was to build rental apartments in Helsinki, Finland.
  • Represented Sweco Industry Oy in negotiations relating to an EPCM agreement concerning a lithium plant to be built by Keliber Oy in Central Ostrobothnia, Finland.

Bird & Bird

Bird & Bird is noted for its work in real estate transactions and investments, as well as advising on Finnish development projects. The team also covers insolvency, financing, environmental and sustainability matters. Real estate and infrastructure team head Jaakko Hietala  specialises in advising on complex real estate, infrastructure and industrial development projects. As the new head of the energy practice, Laura Huomo joined from Roschier in July 2021 to provide a broader range of advice regarding industrial construction and development projects.

Practice head(s):

Jaakko Hietala; Laura Huomo

Key clients

NREP

Real estate funds managed by Elite Alfred Berg

Trevian Asset Management

Pelican Self Storage

State Security Networks (Suomen Erillisverkot)

The Finnish Pharmacist Union (Suomen apteekkariliitto)

The Foundation for Business Students in Aalto University (Aalto-yliopiston kauppatieteiden ylioppilaiden säätiö)

K/S Rosendal, Finland

Work highlights

  • Advised The Finnish Pharmacist Union, Helsingfors Gymnastikklubb rf (HGK) on the sale of two office buildings to the Swedish real estate investor Areim Fastigheter.
  • Advised Elite Finland Value Added Fund II Ky on acquiring five small-scale industry properties from Cromwell Property Group.
  • Advised The Foundation for Business Students in Aalto University on the sale of a historical commercial and office building to NCC Property Development.

Dittmar & Indrenius

The ‘very pragmatic and focused’ real estate team at Dittmar & Indrenius is especially strong in cross-border real estate transactions, lease arrangements and construction-related advice. Practice leader Antti Aaltonen focuses on real estate transactions and general real estate law, while Jonatan Hallvar focuses on transactions in the real estate and forestry sectors.

Practice head(s):

Antti Aaltonen

Other key lawyers:

Jonatan Hallvar

Testimonials

‘The Dittmar & Indrenius team is very pragmatic and focused on getting things done.’

‘Antti Aaltonen has got a solid knowledge base.’

Key clients

HANSAINVEST Hanseatische Investment-GmbH

Hoivatilat Plc

Ingka Centres Finland Oy

Food Folk Suomi Oy (former McDonald’s Finland Oy)

Specsavers Finland Oy

Silvestica Green Forest Finland Oy

Pfizer Oy

Veho Oy Ab

Kämp Collection Hotels Oy

AMP Capital and Infracapital

Foresight Energy Infrastructure Partners

Realpro Oy

Work highlights

  • Advised Hoivatilat Oyj on the acquisition of a portfolio of ten healthcare properties from Ilmarinen Mutual Pension Insurance Company.
  • Advised Hoivatilat Oyj on the acquisition of a portfolio of seven healthcare properties in Finland from MVH-Kiinteistöt Oy.

Lexia Attorneys Ltd

Lexia Attorneys Ltd advises contractors and real estate funds on real estate transactions, project management issues and construction-related dispute resolution and conflict management work. Practice head Arto Kaikkonen focuses on real estate and construction-related disputes as well as day-to-day real estate advice, while Janne Röytiö leads the Turku office and covers construction, contractual and housing matters. 2021 saw the opening of two new offices in Tampere and Oulu; construction expert Lauri Ojha also joined the team.

Practice head(s):

Arto Kaikkonen; Janne Röytiö

Other key lawyers:

Lauri Ojha

Key clients

Helsingin kaupungin asunnot Oy

Colliers International

Genesta Property Nordic Finland Oy

Tapiolan Lämpö Oy

Work highlights

  • Provided continuous legal services and assisting Westpro cc Oy with various legal matters to support its business.
  • Managed all possible disputes arising from Helsingin kaupungin asunnot Oy’s large apartment portfolio.

Mäkitalo Attorneys Ltd

Mäkitalo Attorneys Ltd is particularly strong in construction and energy projects, especially relating to environmental impact and real estate matters. The team also deals with energy sector work, as well as planning and zoning arrangements. Practice co-leader Juho Lönnblad focuses on real estate-related alternative dispute resolution proceedings and works alongside co-leader Aimo Halonen, who works on energy-related construction projects.

Practice head(s):

Juho Lönnblad; Aimo Halonen

Other key lawyers:

Rosa Lång; Alisa Montonen

Testimonials

‘Very good knowledge of the architecture design branch.’

‘Excellent know-how, social and competence skills.’

‘Excellent advisory skills. Very good co-operation skills.’

‘Juho Lönnblad is an excellent adviser.’

Key clients

Lounavoima Oy

Vantaan Energia Oy

Suomen Hyötytuuli Oy

Institutional real estate owners in Otaniemi area in Espoo (Helsinki metropolitan area)

SF Power Company

Puhuri Oy

Tampereen Sähkölaitos Oy

Kiinteistö Oy Yrjönkatu 13

Work highlights

  • Advised Lounavoima Oy on the procurement process for the construction of eco-power plant.
  • Advised Vantaan Energia Oy on four separate major investment projects, all in connection with the client’s strategy to be a fossil free energy producer by the year 2026.
  • Provided legal support to institutional real estate owners in Otaniemi area in Espoo (Helsinki metropolitan area).

Properta Attorneys Ltd

Real estate boutique Properta Attorneys Ltd is particularly strong in real estate transactions; it also covers real estate and construction litigation, as well as providing day-to-day advice on real estate insurance issues and contracts. Ilkka Koivisto focuses on disputes concerning real estate transactions and construction agreements, while Ilmo Korpelainen deals primarily with real estate transactions and commercial lease agreements. Ville Laine is a key resource for construction disputes.

Practice head(s):

Ilkka Koivisto; Ilmo Korpelainen

Other key lawyers:

Ville Laine

Testimonials

Ville Laine is really strong practitioner within the construction industry. He has a really practical hands-on way of working and due to his exceptional industry knowledge we can really cut corners in a good way with him and get straight to the point which saves time and makes the service stand out.’

Ilkka Koivisto is our trusted adviser, able to understand all technical aspects.’

I have worked the most with Partner Ilkka Koivisto. I appreciate his attitude and straightforward way of working which usually also means cost-efficient working. He has very good knowledge of construction matters and I appreciate his competence to analyse very complicated situations. He also has a good touch in real estate transactions where his hands-on approach helps (not complicates) the process.’

Key clients

NV Property Fund I Ky

VVT Property Fund I Ky

eQ Real Estate Funds

Julius Tallberg -Kiinteistöt Oyj

EAB Group Real Estate Funds (formerly Elite RE Funds)

A. Ahlström Kiinteistöt Oy

Destia Oy

Lujatalo Oy

Aktia Commercial Real Estate Fund

Uudenmaan Mestari-Rakentajat Oy

Apteekkien Eläkekassa (Finnish Pharmacy Pension Fund)

Skanska Oy

Work highlights

  • Acted as legal adviser to NV Property Fund I Ky on the sale of the Pöllölaakso area in Pasila, Helsinki, to Skanska.
  • Acted as legal adviser to Julius Tallberg-Kiinteistöt Oyj on the legal aspects of a deal in which Julius Tallberg-Kiinteistöt Oyj purchased the shares of the real estate company Kiinteistö Oy Pressi Smart Premises B from SRV Rakennus Oy.
  • Acted as Destia Oy’s legal counsel in several significant disputes.

KPMG Law in Finland

KPMG Law in Finland focuses on real estate transactions, real estate portfolio management issues and construction project restructurings. It has also recently seen an increase in work related to wind farms and hotel development projects. Practice co-head Kai Soini specialises in real estate development and construction projects and co-head Minna Poutiainen is particularly strong in real estate and construction disputes.

Practice head(s):

Kai Soini; Minna Poutiainen

Key clients

Pohjola Rakennus Group PRG Oy

EKE-Finance Oy

VTK Kiinteistöt Oy

Peab Oy

EKE-Rakennus Oy

Lujatalo Oy

A1 Asunnot TL Oy

Oy TIT Naval Interior Ltd

Work highlights

  • Assisted EKE-Finance Oy with a hotel construction project located in St. Petersburg, Russia.
  • Assisted VTK Kiinteistöt Oy, a company owned by the city of Vantaa, with a major real estate development project located in central Vantaa.
  • Assisted Pohjola Rakennus Group PRG Oy’s subsidiary, Pohjola Rakennus Oy Suomi, with a residential development project in Tampere.