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Hannes Snellman Counsel to YIT Corporation in its Disposal of Tripla Hotel

Hannes Snellman acted as counsel to YIT Corporation in its disposal of Tripla hotel with an aggregate value of approx. EUR 88 million. The hotel will be operated by Sokotel Oy, and the investor will be a new limited partnership managed by Exilion Management Oy with Elo Mutual Pension Insurance Company, Veritas Pension Insurance Company and the State Pension Fund of Finland (VER) as owners.

Hannes Snellman Counsel to Pradera in the Acquisition of Retail Parks from IKEA

Hannes Snellman acted as local counsel to Pradera, one of Europe's leading specialist retail property fund and asset managers, in the acquisition of 25 prime retail parks in eight European countries with an aggregate value of EUR 900 million. The parks, each located beside an IKEA store, have been sold to the Pradera European Retail Parks SCSp fund, which is backed by equity investments from private wealth partnership, LJ Partnership. LJ Partnership took a significant minority stake in the business in May 2016.

Hannes Snellman Counsel to Synthomer on the Acquisition of Perstorp Oxo Belgium

FTSE 250 chemicals company Synthomer, a UK-based manufacturer of latices and speciality emulsion polymers, has acquired Perstorp Oxo Belgium from Perstorp, a speciality chemicals innovator and supplier based in Sweden and controlled by PAI partners.   

 

The enterprise value amounted to EUR 78 million. 

 

Hannes Snellman Counsel to Barings in a Disposal of 50% Stake of Kamppi Shopping Centre

Hannes Snellman acted as a counsel to Barings Real Estate Advisers, acting on behalf of the Nordic Retail Fund in its disposal of 50% stake in the Kamppi shopping centre. The 50% stake, which values the centre at over EUR 500 million, is to be acquired on behalf of TH Real Estate’s flagship’s pan-European investment vehicle, the European Cities Fund, and thereby creating a 50:50 joint venture partnership with Allianz.

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