Real estate and construction in Finland


Borenius acts for an extensive roster of domestic and international real estate investors and developers. With expertise in zoning, land use arrangements and construction contracts, the practice is highly recommended for development projects, particularly in the energy sector. Other key areas of work include single asset and portfolio transactions, sale and lease-back transactions and forward purchases concerning a range of office, logistics and retail assets. Transactional experts Saara Paronen, Christian Fogelholm and Ari Kaarakainen head up the team. Casper Herler is noted for his experience in environmental law and sustainability issues.

Practice head(s):

Saara Paronen; Christian Fogelholm; Ari Kaarakainen

Other key lawyers:

Casper Herler


‘Borenius has great individuals, with a very valuable practical approach to matters.’

‘Christian Fogelholm is always a true pleasure to work with, a real professional with a great client oriented mindset.’

Key clients

Morgan Stanley Real Estate Investing

Exilion Management

Aktia Life Insurance


Goldman Sachs


Aberdeen Standard Investments

Premico Group


Cromwell Property Group

Ness, Risan & Partners


Alma Property Partners





Yleisradion Eläkesäätiö

Trevian Asset Management

Work highlights

  • Advised Ilmarinen on the sale of a portfolio of 17 residential properties, comprising nearly 900 apartments, to a fund controlled by Areim AB.
  • Advised Spektri Kiinteistöt Ky and Trevian Asset Management Oy on the sale of the Spektri Business Park, which comprises five multi-let office buildings, to a fund managed by Tristan Capital Partners.
  • Advised Varma on the acquisition of the Itämerenkatu 9 office property as well as parking facilities located in the Ruohoparkki parking facility from DWS Alternatives GmbH.

Castrén & Snellman

Castrén & Snellman stands out for its track record in advising on large development projects, including hotel, residential and commercial projects. The practice handles a broad range of matters, including transactions, property development projects, leasing issues (advising both tenants and landlords), environmental law, day-to-day commercial real estate matters and construction-related work. Other key areas of work include distressed asset sales, procurements, and litigation and arbitration proceedings. Antti Kaakkola is the key contact for transactional advice, while Uwe Uusitalo, Tuomas Lehtinen and Samuli Tarkiainen are the go-to names for international projects and developments. Matias Wallgren heads up the environmental and infrastructure sub-team.

Practice head(s):

Antti Kaakkola; Matias Wallgren; Uwe Uusitalo; Tuomas Lehtinen; Samuli Tarkiainen


‘Working with Antti’s team is what working with a law firm should always be like. When you give an assignment to a lawyer in this team, you can rely on them to be proactive, precise, and always on time. As a general counsel, one of the most important reasons to pick a certain law firm is that after assigning said law firm with a task, I can completely forget about it and be sure that everything that is needed to reach the desired outcome will be done.’

‘Always my first choice if help in real estate transactions is needed.’

‘Broad experience of partners and employees, very strong service philosophy.’

‘Wide variety of expertise across the practice, making them a one-stop-shop for any real estate related transactions. Compared to peers, this is the one thing that stands out the most.’ 

‘Partner Antti Kaakkola is nowadays one of the big names in real estate transactions. Antti is always polite, very business-minded, and knows the judicial framework inside out. Furthermore, there are only few lawyers in Finland with such a meticulous eye for the tiniest of (important) details, yet Antti is always aware of the big picture.’

‘Antti Kaakkola is skilled, experienced and quick, and also follows real estate transactions and practice with great interest.’

‘Antti Kaakkola is a partner with the great ability to help make deals happen with commercial mindset that focuses on key issues rather than getting processes stuck on irrelevant legal disagreements. He has a wide range of experience from different deal types and can provide great negotiation support to the client.’

Key clients

OP Financial Group

Special Mutual Fund Titanium Care Real Estate (AIF)

Stockmann plc

Ilmarinen Mutual Pension Insurance Company

Special Investment Fund eQ Care (AIF)

Special Investment Fund eQ Finnish Real Estate (AIF)

LocalTapiola Group

Catella Real Estate AG

RBS Nordisk Renting

Suomen Osuuskauppojen Keskuskunta (S Group)

Turun Ratapihan Kehitys Oy

YIT Corporation

GLL Real Estate Partners GmbH Munich

UB Fund Management Company Ltd

CapMan Real Estate Oy


Telia Pension Foundation

Jatke Oy

DWS Alternatives GmbH

Work highlights

  • Advised OP Cooperative, OP Financial Group’s central cooperative, on the sale and leaseback arrangement for its headquarter campus in Vallila, Helsinki, to a South Korean and Finnish investor group.
  • Advised Ilmarinen Mutual Pension Insurance Company and entities belonging to OP Financial Group and LocalTapiola Group on the acquisition of SRV Group Plc’s entire stake in REDI shopping centre and 75% of SRV’s stake in the Tampere Central Deck and Arena project.
  • Advised NREP on a residential construction project in which NREP, acting on behalf of one of its real estate funds, and Lehto Asunnot Oy agreed on the construction of 108 apartments and three commercial spaces.

Hannes Snellman

Hannes Snellman is active in a broad range of real estate matters, including large real estate transactions, complex development projects and industry and energy construction work, particularly wind and hydro power projects. Other key areas of work include environmental regulatory issues, contract advice, strategic investment advice, tax planning mandates and structuring and construction disputes. Practice head Tapio Teräkivi acts for numerous institutional investors, multinational and Nordic industrials, and real estate developers.

Practice head(s):

Tapio Teräkivi

Other key lawyers:

Matti Lajunen


‘High level of knowledge and experience.’

Key clients

Schroder Real Estate Kapitalverwaltungsgesellschaft mbH

Patrizia Immobilien AG


YIT Corporation

Deutsche Asset & Wealth Management

Areim AB

Skandia Fastigheter AB

Ilmarinen Mutual Pension Insurance Company

Erikoissijoitusrahasto UB Suomi Kiinteistöt

Quadoro Investment GmbH

Trevian Rahastot AIFM Oy

Exilion Tuuli Ky

Work highlights

  • Advised DWS on its acquisition of the Accountor Tower, an office development in Keilaniemi, Espoo.
  • Advised Exilion Tuuli on a transaction whereby Exilion Tuuli has agreed to acquire the wind power production and development business of St1.
  • Advised Patrizia on its acquisition of the Dixi office property.

HPP Attorneys

HPP Attorneys concentrates on high-value real estate transactions and development projects, handling single asset and portfolio transactions, forward funding issues, sale and leaseback arrangements and development agreements. Kari Marttinen is particularly known for his expertise in environmental matters including contaminated soil and groundwater, hazardous building material and internal air issues. He jointly heads up the group with Jari Tuomala. Leif Laitinen is noted for his experience in domestic and cross-border real estate transactions, including real estate portfolio and real estate fund investments, and sale and leaseback arrangements.

Practice head(s):

Kari Marttinen; Jari Tuomala

Other key lawyers:

Leif Laitinen


‘Experienced team with great ability to manage complicated processes, especially when the counterparty is difficult. Wide enough team so you can trust that they have needed resources at any time.’

‘Very practical, hands-on and effective team.’

‘Mr Jari Tuomala is an experienced and effective partner. His style is smooth and doesn’t unnecessarily complicate transactions.’

‘They are quick, solution oriented and have a broad knowledge of real estate development and construction related matters. They are also accustomed to work with counterparties with different backgrounds.’

‘Leif Laitinen has an excellent understanding of the sector and can always find and negotiate a solution in matters arising during transaction process.’

‘Jari Tuomala has a great knowledge of land-use related matters and has assisted us in many challenging situations in this area.’

Key clients

Fennia Varainhoito Ltd

Trophi Fastighets AB

Serena Properties AB

Projekti GH Oy

Finest Bay Area

Sponda Plc

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

Collector Bank AB

Patrizia Finland Oy

Plantagen Finland Oy

AIG Europe Limited

CGI Finland Oy

Work highlights

  • Advised the City of Helsinki on the sale of the Kappeli building in an open tender process to HOK-Elanto.
  • Advised real estate investor Trevian Finland Properties on the acquisition of a well-known shopping mall complex located in the City of Vaasa.
  • Advised Swedish Nasdaq  property investor SBB – Samhällsbyggnadsbolaget i Norden AB on the acquisition of a real estate portfolio worth €23m.


Krogerus is recommended for complex and high-value real estate transactions; other central pillars of work include the day-to-day management and development of real estate portfolios, drafting, negotiating and amending lease agreements, and portfolio restructurings. The team has a strong construction offering, covering planning and zoning work, and handles environmental matters and construction disputes. Clients encompass a wide range of international and domestic investors, real estate funds, construction companies, insurance companies, and the real estate arms of private equity houses, with a particular niche in acting for foreign investors entering the Finnish market. Transactional specialist Marcus Möller jointly heads up the team with Joakim Jansson.

Practice head(s):

Marcus Möller; Joakim Jansson

Other key lawyers:

Teppo Vuorela; Pyry Somervuori


‘Great negotiation skills backed up with lots of knowledge.’

‘Very high level of knowledge and very thorough work.’

‘Very strong and professional team, with super individuals.’

‘They have a hands-on approach and they help quickly. A versatile and competent team.’

‘Extraordinary client care and response times, great attention to detail and good comprehensive knowledge of previous cases and the entire client relationship.’

‘Pyry Somervuori – understands the client’s business and needs extremely well.’

‘Joakim Jansson and Marcus Möller have an in depth-knowledge of private equity real estate, and an understanding of the business side as well as legal matters.’

‘Pyry Somervuori: the leading master of creating effective acquisition structures in private equity real estate.’

Key clients

AB Sagax

AIP Asset Management

Avant Capital Partners Oy

AXA Real Estate Investment Managers Scandinavia AB


Catella Residential Investment Management

Elo Mutual Pension Insurance Company

Hemsö Fastighets AB

Lehto Group Plc

LocalTapiola Mutual Insurance Company

Nordisk Renting

SRV Group Plc

Round Hill Capital

United Bankers Plc

JMB Kiinteistöt Oy


Sponda Plc

Work highlights

  • Advised a South Korean-Finnish investor consortium on the sale and leaseback of OP Cooperative’s headquarter office campus in Helsinki.
  • Advised Sponda Plc on its disposal of nine commercial properties located in Ruoholahti, Helsinki to Antilooppi.
  • Advised construction development company SRV Group Plc on the sale of its entire stake in the REDI shopping centre and 75% of its stake in the Tampere Central Deck and Arena project to its co-investors Ilmarinen Mutual Pension Insurance Company and entities belonging to OP Group and LocalTapiola Group.


The ‘responsive‘ team at Roschier acts for a number of international investors, real estate funds, developers and corporations. Key areas of expertise include portfolio transactions, green, retail, office and residential property transactions, and development projects. The team has extensive experience in real estate transactions, financing work and real estate deal structuring matters, and recently advised Trevian Asset Management on the sale of a real estate portfolio of 18 retail assets to Cibus Nordic Real Estate. Newly promoted partner Antti-Jussi Partanen  is also a key name to note for transactional work.

Other key lawyers:

Antti-Jussi Partanen


‘The Roschier team is responsive, great with initiative and thoughtful in their advice.’

‘Antti-Jussi Partanen: simplifies complex issues well and is always on hand to provide advice.’

Key clients

Deka Immobilien GmbH

Union Investment Real Estate GmbH

AXA Real Estate

CBRE Global Investors

UBS Real Estate GmbH

HANSAINVEST Hanseatische Investment GmbH

Trevian Asset Management Oy

Savills Investment Management


Hemfosa Fastigheter AB

CapMan Real Estate


Warburg-HIH Invest Real Estate GmbH

GIC (the Singapore Sovereign Wealth Fund)

eQ Finnish Real Estate

Technopolis Oyj

Orion Capital Managers

Citycon Oyj

M7 Real Estate

Telia Finland Oyj

Corpus Sireo Real Estate GmbH

Pareto Securities AB

Cromwell European Real Estate Investment Trust (CEREIT)

Royal Areena Oy

eQ Care

Amundi Asset Management

Work highlights

  • Advised Pareto Securities on its €130m acquisition of the SOK headquarters in central Helsinki from Varma Mutual Pension Insurance Company as well as the subsequent listing of the acquisition vehicle on the Spotlight Stock Market.
  • Advised KanAm Grund on its forward-funding acquisition of two office projects in Helsinki from NCC Property Development.
  • Assisted Trevian Asset Management Oy with the sale of a real estate portfolio of 18 retail assets to Cibus Nordic Real Estate AB.

Aleksandra Attorneys Ltd

Boutique firm Aleksandra Attorneys Ltd specialises in advising international real estate funds and domestic property investors, handling high-value transactions. Samuli Palin heads up the practice, acting for major funds, institutional investors and construction companies. Rami Laatsalo is noted for his experience in portfolio transactions and sale and lease-back arrangements.

Practice head(s):

Samuli Palin

Other key lawyers:

Rami Laatsalo


‘Agile and extremely customer-oriented company.’

‘Precise and swift delivery.’

‘Samuli Palin is a very skilled negotiator who understands thoroughly investor needs and, of course, the structure of any transaction.’

‘The team is, in my experience, a leading team in real estate transactions in Helsinki.’

‘The team focuses fully on real estate cases which is reflected in a great quality of work. Hands-on approach and a great drive to push cases forward. They listen to their customer and take a business oriented approach to cases.’

‘Collaborative mindset and unyielding attitude towards assignments big and small. Very professional but friendly touch in all correspondence and precise and swift delivery. All in all, very pleasant to work with.’

‘Rami Laatsalo is an excellent lawyer, very skilled and always focused on backing the client’s legal and commercial interests in negotiations. Availability is amazing throughout regardless the size of the project, even during nights and early mornings if needed. Lastly, Rami is always down to earth, and overall extremely pleasant to work with.’

Key clients

Commerz Real

Union Investment Real Estate GmbH


Cibus Nordic Real Estate AB


Redito AB

CapMan Real Estate


UB Nordic Property Fund

Exilion Capital



OP Real Estate


UB Finland Property Fund

Varma Mutual Pension Insurance Company

Work highlights

  • Advised GNRE Fund II, a Luxembourgian fund managed by Genesta, on its divestment of a fully leased major logistics property.
  • Advised major German real estate investor Union Investment, acting on behalf of the open-ended special real estate fund DIFA-Fonds Nr. 3, on the acquisition of a fully leased landmark office property located in the Helsinki city centre.
  • Advised a major Nordic retail investor Cibus Nordic Real Estate AB on the acquisition of a major grocery portfolio consisting of 18 retail and grocery assets.

Avance Attorneys Ltd

Avance Attorneys Ltd focuses on real estate transactions and financing work, handling the buy and sell-side of domestic and cross-border transactions; it has a particularly strong offering for funds, asset managers and investors. Mathias Lindqvist jointly leads the team with Christoffer Charpentier, who has experience with infrastructure projects, environmental matters and the related regulatory work.

Practice head(s):

Christoffer Charpentier; Mathias Lindqvist

Other key lawyers:

Björn Söderblom


‘We chose to work with Avance due to a high-level of expertise within real estate, construction and financing. We value their entrepreneurial attitude and willingness to assist us in all matters related to our projects.’

‘Mr. Christoffer Charpentier has a thorough understanding of all real estate related matters.’

Key clients




YIT Finland

HGR Property Partners

Nordic Real Estate Partners (NREP)


Sirius Capital Partners


NCC Property Development

Varma Mutual Pension Insurance Company

Nordisk Renting


Ilmarinen Mutual Pension Insurance Company

Fennia Mutual Insurance Company



Cobbleyard Real Estate

Kojamo Plc

Posti Kiinteistöt

Work highlights

  • Advised Antilooppi on the acquisition of a portfolio of nine properties in Ruoholahti from Sponda Oyj and its subsidiaries.
  • Advised Regenero, a joint venture of YIT and HGR Property Partners, on the sale of the Accountor Tower, Keilalampi and Keilaniemenranta pavilion properties in Keilaniemi to an international investor.
  • Advised Finnish institutional investors on the divestment of a residential portfolio of approximately 2,200 units to Starwood Capital Group in partnership with Avara Oy, the transaction also being Starwood’s market entry in Finland.

DLA Piper

DLA Piper is recommended for real estate financings, development projects and real estate and construction disputes, acting for a client roster of banks and investment funds. Mikko Larvala has experience in complex real estate transactions, lease negotiations and property conversion projects, and jointly heads up the team with expert litigator Antti Niemi, who works with international clients on energy projects, particularly wind power projects.

Practice head(s):

Antti Niemi; Mikko Larvala


‘Mikko Larvala has lenghty experience within the real estate industry and brings a very pragmatic approach.’

‘They are incredibly responsive, forward-thinking and business minded, and they effortlessly integrate into your in-house teams. As a client you feel that you are being given priority, and that they quickly understand various requests and needs.’

‘DLA Piper Finland is experienced as an innovative service provider; being open to the discussion of alternative billing arrangements and by offering tailor made solutions for support upon request.’

‘Antti Niemi is always available and very knowledgeable. He takes true ownership of the task they are delegated, and ensures that what comes back is of high quality. Antti also has the important ability to integrate into the in-house teams, taking a true interest in the companies he works for, which makes the collaboration very effortless.’

Key clients

Varma Mutual Pension Insurance Company

Erikoissijoitusrahasto Trevian Suomi Kiinteistöt


Samla Toimitilat II Ky

Ilmarinen Mutual Pension Insurance Company

Senate Properties

Collector Bank AB

Skandinaviska Eskilda Banken

Corum Asset Management

Ares Management Limited

Oy HYY-Yhtiöt Ab

AXA Investment Managers

Round Hill Capital


XPO Logistics

FTI Consulting

Suomen Kaupunkikodit Oy

Work highlights

  • Advised Erikoissijoitusrahasto Trevian Suomi Kiinteistöt 1 on 20 real estate acquisitions.
  • Advised the Finnish government (through Senate Properties) on over 10 sale transactions.
  • Advised Suomen Kaupunkikodit Oy on 5 real estate transactions (both sales and acquisitions).

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

The team at Eversheds Asianajotoimisto Oy / Eversheds Attorneys Ltd (a member of Eversheds Sutherland) advises on large portfolio transactions and development projects, particularly wind farm, hotel and data centre projects. The practice also handles environmental law and crime issues. Sirkka Terho has significant expertise in commercial and residential leases, property and asset management work and shopping centre management issues. She jointly leads the team with Pekka Kokko, Saara Raitala and Juha Kailloinen.

Practice head(s):

Pekka Kokko; Saara Raitala; Sirkka Terho; Juha Kailloinen

Key clients

Elo Mutual Pension Insurance Company

Microsoft Mobile Oyj

Mutual Pension Insurance Company Ilmarinen

Ficolo Oy

Quadoro Doric Real Estate GmbH

Otava Oy


Eläkekassa Verso

ISS Palvelut Oy

Erikoissijoitusrahasto Fennica Toimitilat

Otavamedia Oy

Talvivaara Sotkamo Oy

AVAIN Asumisoikeus Oy

Glennmont Clean Energy Fund III B.V.

Valio Pension Fund and Valio Mutual Pension Insurance Fund

Aquila European Renewables Income Fund

Avara Ltd

Work highlights

  • Advised Glennmont Partners on the purchase of a wind farm project consisting of 41 windmills with total capacity of 211MW.
  • Advised Ilmarinen on the sale of a portfolio of five high-quality office properties in three transactions.
  • Assisted four clients with setting up a consortium and the related construction agreements.

Merilampi Attorneys Ltd

The team at Merilampi Attorneys Ltd handles high-value real estate transactions and construction work, and advises on all elements of projects from planning matters to post-completion issues. Construction specialist and litigator Emma Niemistö is particularly recommended for high-risk projects and developments involving construction liability questions, and recently advised YIT Finland Ltd and Meridiam SAS on the successful financial close of the first social infrastructure PPP in Finland concerning schools and day care centres in Espoo. She jointly heads up the practice with Jani Ylä-Autio, who has a considerable track record in advising on cross-border real estate deals.

Practice head(s):

Jani Ylä-Autio; Emma Niemistö

Key clients

YIT Construction Ltd


Niam AB

Union Investment Real Estate GmbH


Elo Mutual Pension Insurance Company

Pirkanmaa Hospital District

South Savo Social and Health Care Authority

Ilmarinen Mutual Pension Insurance Company

Fennia Asset Management

University Properties of Finland (SYK)

Are Ltd

Senate Properties

Aberdeen Standard Investment

Work highlights

  • Advised Mutual Pension Insurance Company Elo and Mutual Pension Insurance Company Varma on the creation of a joint venture combining the Jumbo shopping centre and the Flamingo entertainment centre.
  • Assisted YIT Finland, Meridiam SAS/Investments II and its project company with a PPP for schools and day care centres.
  • Advised YIT Finland on a project involving the development and sale of three logistics properties.

Asianajotoimisto White & Case Oy

Asianajotoimisto White & Case Oy focuses on advising real estate investment funds, real estate companies and financial institutions lending money to finance the purchase of real estate assets in Finland. Tanja Törnkvist, who is experienced in real estate finance and restructuring mandates, leads the practice with Timo Airisto, who advises on complex acquisitions and leveraged financings.

Practice head(s):

Timo Airisto; Tanja Törnkvist


‘Very experienced team with extremely high professional standards. They are the go-to firm for large and complex transactions.’

‘Timo Airisto stands out as a partner that you can rely on. The counsel given by him is sound, based on his breadth of experience. He stands out from the competition as a more senior and seasoned professional that you want to call to if you want to make sure you get the best counsel. ’

‘Very strong industry expertise. Very innovative. Good collaboration with other parts of the firm. Very good follow up and exceptional project management. Very responsive team.’

‘Timo Airisto is efficient, responsive and to the point.’

Key clients

Antilooppi Ky

Cerberus European Investments, LLC

SATO Corporation

The Blackstone Group

Starwood Capital Group

Nordika III Fastigheter AB

Nordea Bank Abp

Goldman Sachs & Co.

Work highlights

  • Advised Starwood Capital Group, a leading global private investment company, on the acquisition and related financing of Probus Holding Group, a real estate investment company, from a consortium of Finnish vendors.
  • Advised Antilooppi Ky on the amendment and restatement of its facilities agreement with Nordea Bank Abp, OP Corporate Bank plc, Skandinaviska Enskilda Banken AB, Danske Bank A/S and Handelsbanken Capital Markets, Svenska Handelsbanken AB as lenders and arrangers.
  • Advised Nordea Bank Abp, Swedbank AB and LocalTapiola as lenders on financing the acquisition of eighteen grocery anchored properties by Cibus Grocery Finland Oy, a portfolio company of Cibus Nordic Real Estate AB.

Bird & Bird

Bird & Bird handles a wide range of real estate matters, including transactions and development projects, investment and real estate funds, real estate financings, landlord and tenant matters, environmental and sustainability issues, construction work and insolvency mandates. Clients include domestic real estate portfolio and land owners, as well as government entities. Practice head Jaakko Hietala advises on industrial development projects and has notable dispute resolution experience.

Practice head(s):

Jaakko Hietala

Other key lawyers:

Tuukka Korhonen

Key clients


Real estate funds managed by Elite Alfred Berg

Trevian Asset Management

Pelican Self Storage

Work highlights

  • Advised funds managed by Elite Alfred Berg on the acquisition of six properties from Goldman Sachs and Cromwell Property Group.
  • Advised NREP on various transactions and development matters.
  • Advised the real estate arm of the University of Helsinki on various real estate matters.

Dittmar & Indrenius

Dittmar & Indrenius handles real estate transactions, complex lease arrangements as well as construction and general real estate issues, and regularly advises on large real estate portfolios with cross-border elements. The team also has a significant niche in forestry investments. Department head Antti Aaltonen focuses on large-scale real estate transactions and lease arrangements.

Practice head(s):

Antti Aaltonen

Key clients

HANSAINVEST Hanseatische Investment-GmbH

IKEA Oy / IKEA Real Estate Oy

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

Aedifica SA/NV

Kämp Collection Hotels Oy

Infracapital’s Greenfield Fund

Work highlights

  • Advised HANSAINVEST on its acquisition of the new headquarters of the European Chemicals Agency.
  • Advised HANSAINVEST on the sale of the Kone Building property in Keilaranta, Espoo.
  • Advised Aedifica and its wholly owned Finnish subsidiary Aureit Holding on the €408m voluntary recommended public cash tender offer for all shares in Hoivatilat Plc.

Lexia Attorneys Ltd

Lexia Attorneys Ltd focuses on construction and housing law matters, acting for a roster of clients including construction companies, housing cooperatives, real estate owners, contractors, funders and consultants. Key areas of work include real estate M&A, development projects and procurement contracts. Arto Kaikkonen, who is particularly recommended for construction disputes, heads up the practice with Samuli Koskela.

Practice head(s):

Arto Kaikkonen; Samuli Koskela


‘They have a hands-on approach and they help quickly. A versatile and competent team.’

‘They act like in-house lawyers, understand business operations and provide quick responses.’

Key clients

Westpro cc Oy

Helsingin kaupungin asunnot Oy

Colliers International

Genesta Property Nordic Finland Oy

Work highlights

  • Managing Helsingin kaupungin asunnot Oy’s large apartment portfolio.

Mäkitalo Attorneys Ltd

Mäkitalo Attorneys Ltd is recognised for its strong renewable energy sector experience, handling matters including real estate registrations, planning work, zoning and mortgage procedures and financing arrangements. The practice also houses a litigation team, and the group advises a range of investors, constructors and real estate owners. Juho Lönnblad has significant risk management experience; he jointly heads up the department with Aimo Halonen, who regularly advises clients on environmental planning and zoning mandates.

Practice head(s):

Juho Lönnblad; Aimo Halonen


‘Personal relationship, extreme commitment joined with lengthy experience, insight and professional accuracy.’

‘Excellent knowledge of renewable energy related contracts and negotiations.’ 

‘Juho Lönnblad has taken our cases extremely seriously and committed his best abilities to work out our interests.’

‘Excellent co-operation and professional skills.’

Key clients

Lounavoima Oy

South Karelia Social and Health Care District (Eksote)

Vantaan seurakuntayhtymä / Vantaa Parish Union, Evangelic Lutheran church

Suomen Hyötytuuli Oy

Aalto University Properties Ltd

SF Power Company

The City of Helsinki

Puhuri Oy

Tampereen Sähkölaitos Oy

Work highlights

  • Acting as legal adviser for Tampereen Sähkölaitos Oy on a construction project of a new power plant.
  • Advised Suomen Hyötytuuli Oy in connection with the expansion of its wind farm portfolio.
  • Acted for South Karelia Social and Health Care District (Eksote) in a dispute against its new hospital project’s main contractor.

Properta Attorneys Ltd

Boutique firm Properta Attorneys Ltd has a strong track record in real estate transactions, commercial leases, planning issues and construction disputes, with the experienced team regularly representing major domestic real estate funds and construction companies. Ilkka Koivisto handles construction agreements and the related disputes, and real estate transactions; he jointly leads the practice with Ilmo Korpelainen, who primarily advises institutional real estate investors and real estate developers.

Practice head(s):

Ilkka Koivisto; Ilmo Korpelainen

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

YIT Rakennus Oy

Peab Oy

Apteekkien Eläkekassa (Finnish Pharmacy Pension Fund)

Jatke Oy

Skanska Oy

Work highlights

  • Acted as legal adviser to VVT Project Fund I Ky on the acquisition of a hypermarket property in Itäkeskus, Helsinki.
  • Advised Julius Tallberg-Kiinteistöt Oyj on a deal to sell a retail centre in Suomenoja, Espoo to Erikoissijoitusrahasto Fennica Toimitilat I.
  • Acted as Destia Oy’s legal counsel in several disputes.

KPMG Law in Finland

KPMG in Finland advises on a wide range of real estate matters, including portfolio sales, restructurings, joint ventures, project financing work and risk and contract management issues. Client include small and medium-sized Finnish companies as well as government and third sector organisations. Transactional specialist Kai Soini heads up the team with commercial expert Minna Poutiainen.

Practice head(s):

Kai Soini; Minna Poutiainen

Key clients

Kojamo Plc

Pohjola Rakennus Group Oy / Pohjola Rakennus Oy Suomi

Hartela-Yhtiöt Oy

Telinekataja Oy

FinCap Oy

Lujatalo Oy

EKE-Finance Oy / Rakennus Oy

Peab Oy

Satawind Oy

JM Suomi Oy

Bluet Oy

Work highlights

  • Advised real estate company EKE-Rakennus on a major group restructuring in which a large real estate portfolio, owned by EKE-Finance Oy, was split into smaller units and combined into the current group structure.
  • Assisted Pohjola Rakennus Oy Suomi with a residential development project.
  • Assisted Pohjola Rakennus Group PRG Oy’s subsidiary, Pohjola Rakennus Oy Suomi, with a complex restructuring project where rights to a planning reservation area and a leasehold were transferred to separate project development companies for the purposes of residential construction.