Paavo Romakkaniemi
Paavo Romakkaniemi
Paavo advises clients mainly in the fields of real estate transactions and development projects. In addition, Paavo provides advice on energy-related projects and in the field of environmental law.
Paavo joined the firm as an associate trainee in 2020 and was appointed as an associate lawyer upon his graduation.
References
Parties
Urbanlight, Alma Property Partners and Alea Partners
Transaction
Counsel to UrbanLight, a joint venture between Alma Property Partners and Alea Partners, in the acquisition of a last-mile logistics property located at Niittyvillankuja 3, Koivuhaka, a strong logistics area near Helsinki Airport.
Deal value
Value not public
Role
Counsel to Urbanlight, a joint venture between Alma Property Partners and Alea Partners
Parties
eQ Commercial Properties Fund (Seller), Retail Park Vantaanportti (Target)
Transaction
Counsel to eQ Commercial Properties Fund (AIF) in the disposal of Retail Park Vantaanportti. The BREEAM In Use certified retail property located in Vantaa was completed in the year 2002 and has a leasable area of 24,600 sqm.
Deal Value
Value not public
Role
Counsel to eQ Commercial Properties Fund
Parties
UrbanLight (Buyer), a light industrial property (Target)
Transaction
Acquisition of their first light industrial property in the Helsinki metropolitan area
Deal Value
Value not public
Role
Counsel to UrbanLight
Parties
TRP Hungary (Buyer), Bankruptcy Estate of KymiRing Oy (Seller), The KymiRing motor track (Target)
Transaction
Counsel to TRP Hungary in the acquisition of the KymiRing motor track from the bankruptcy estate of KymiRing Oy.
Deal Value
Value not public
Role
Counsel to TRP Hungary
Counsel to CapMan in the acquisition of the Seminaari public school property located in Hämeenlinna, Finland, from the University Properties of Finland. The school, located in the Kauriala neighbourhood of Hämeenlinna is the largest primary school in Hämeenlinna with approximately 750 pupils.
Acted as counsel to the sellers in the sale of a logistics portfolio consisting of assets in Finland spanning 134,000 square metres of leased space. The portfolio is wholly let to Posti Group, the main Finnish postal service and a third-party logistics services provider. The transaction has been cited as the largest real estate transaction executed in Finland in the year 2023.
Parties
Ålandsbanken Residential Property, Capman Real Estate
Transaction
Ålandsbanken Residential Property’s sale of two newly built residential assets in the Helsinki region, Finland.
Deal Value
Value not public
Role
Counsel to Ålandsbanken Residential Property
Parties:
Nrep (Buyer), eQ Community Properties Fund (Seller)
Transaction:
Counsel to Nrep in the acquisition of seventeen care properties from eQ Community Properties Fund.
Deal value:
Approx. EUR 100 million
Role:
Counsel to Nrep
Parties:
Nrep (Buyer), OP-Rental Yield (Seller)
Transaction:
Nrep's acquisition of two residential properties located in Espoo. The properties comprise 190 rental apartments, and they were acquired from OP-Rental Yield, a Finnish real estate fund.
Deal value:
Value not public
Role:
Counsel to Nrep
Parties:
NREP (Buyer), Tietoevry HQ (Target)
Transaction:
NREP's acquisition of Tietoevry’s HQ in Keilaniemi. The approximately 17,300 sqm office building originally built for Nokia is a landmark in the Keilaniemi HQ business district.
Deal value:
Value not public
Role:
Counsel to NREP
Parties
Alfaroc Logistics, Superion, Logicenters
Transaction
Counsel to Alfaroc Logistics and Superion in the divestment of a logistics property development comprising a 38,000 sqm logistics warehouse in the Helsinki Capital Region in Tuusula.
Deal value
Value not public
Role
Counsel to Alfaroc Logistics and Superion
Parties
eQ Community Properties Fund (seller), Kinland AS (buyer)
Transaction
Counsel to eQ Community Properties Fund in the disposal of 28 properties to Kinland AS.
Deal value
EUR 76 million
Role
Counsel to eQ Community Properties Fund
Parties:
Ålandsbanken Bostadsfond Fonder V Kb
Transaction
Counsel to Ålandsbanken Bostadsfond Fonder V Kb in the acquisition of a housing company, which is still under construction, and a plot from a third party.
Deal Value
Value not public
Role:
Counsel to Ålandsbanken Bostadsfond Fonder V Kb
Parties
Orange Capital Partners (Buyer), Starwood Capital Group and Avara Oy (Sellers)
Transaction
Hannes Snellman acted as counsel to Orange Capital Partners in the acquisition of a residential portfolio of 2,200 apartments located across 16 cities from Starwood Capital Group and Avara Oy
Deal Value
Value not public
Role
Counsel to Orange Capital Partners
Parties:
CapMan Nordic Real Estate III fund (Buyer), AVIA Real Estate Oy (Seller), Airside logistics property in Turku (Target)
Transaction:
CapMan acquired an airside logistics property located in Turku from AVIA Real Estate Oy
Deal Value:
Value not public
Role:
Counsel to CapMan Nordic Real Estate III fund
Parties:
CapMan Real Estate (buyer), Goldman Sachs Asset Management and Cromwell Property Group (sellers)
Transaction:
The acquisition and financing of an office property portfolio from Goldman Sachs Asset Management and Cromwell Property Group.
Deal Value:
Value not public
Role:
Counsel to CapMan Real Estate.
Parties
NREP (Buyer), a fund managed by Genesta (Seller)
Transaction
Hannes Snellman acted as counsel to NREP in the acquisition of the historic office property Bulevardi 21, located in Central Helsinki, from a fund managed by Genesta.
Deal Value
Value not public
Role
Counsel to NREP
Parties
Slättö Core Plus and PEAB
Transaction
Hannes Snellman acted as counsel to Slättö in the formation of a joint venture with PEAB regarding investments into residential housing in Finland.
Deal Value
Value not public
Role
Counsel to Slättö Core Plus
Parties:
Nyfosa Finland AB
Transaction:
A transaction where Nyfosa acquired a modern office property of approximately 13,000 square meters in central Tampere.
Deal Value:
Value not public
Role:
Counsel to Nyfosa Finland AB
Parties
eQ Commercial Properties Fund (AIF)
Transaction
eQ Commercial Properties Fund's (AIF) acquisition of an office asset in Pasila, Helsinki from several non-profit organisations
Deal Value
Value not public
Role
Counsel to eQ
Parties
Aktiivitilat (Buyer), OP-Henkivakuutus Oy (Seller), Two industrial properties (Targets)
Transaction
OP-Henkivakuutus Oy's sale of two industrial properties located in Kerava and Tampere to Aktiivitilat
Deal Value
Value not public
Role
Counsel to OP-Henkivakuutus Oy
Parties
Elo Mutual Pension Insurance Company (Buyer), Tampereen Asunnot Ky (Seller), Residential portfolio (Target)
Transaction
Tampereen Asunnot Ky's sale of a residential portfolio located in Tampere to Elo Mutual Pension Insurance Company
Deal Value
Value not public
Role
Counsel to Tampereen Asunnot Ky
Parties
Erikoissijoitusrahasto LähiTapiola Sijoituskiinteistöt (Buyer), OP-Henkivakuutus Oy (Seller)
Transaction
OP-Henkivakuutus Oy's sale of an industrial property in Tampere to Erikoissijoitusrahasto LähiTapiola Sijoituskiinteistöt.
Deal Value
Value not public
Role
Counsel to OP-Henkivakuutus Oy
Parties
Nyfosa Finland AB
Transaction
Nyfosa Finland AB acquired properties in the Finnish regional cities of Jyväskylä, Lappeenranta and Kuopio.
Deal Value
EUR 75.9 million (SEK 767 million)
Role
Counsel to Nyfosa Finland AB
Parties
NREP Income+ Fund
Transaction
Counsel to NREP in its acquisition of Leipätehdas office property
Deal Value
Value not public
Role
Counsel to NREP
Parties
Nyfosa Finland AB
Transaction
Counsel to Nyfosa in acquisition of six properties in the Finnish cities of Hyvinkää, Oulu and Tampere.
Deal Value
Value not public
Role
Counsel to Nyfosa Finland AB
Parties
Castellum, Nyfosa
Transaction
Counsel to Castellum in its approximately EUR 200 million office property portfolio disposal to Nyfosa.
Deal Value
EUR 200 million
Role
Counsel to Castellum
Parties
Castellum, Kielo, Blackstone Tactical Opportunities, Brunswick Real Estate.
Transaction
Hannes Snellman acted as counsel to Castellum in its acquisition of property company Kielo from Blackstone Tactical Opportunities and Brunswick Real Estate.
Deal Value
EUR 640 million
Role
Counsel to Castellum
Education and Professional Background
- Associate, Hannes Snellman, 2021–
- Master of Laws, University of Lapland, 2021
- Thesis Trainee, Hannes Snellman, 2021
- Associate Trainee, Hannes Snellman, 2020
- Exchange studies, University of Zagreb, 2020
- Trainee, Finnish Patent and Registration Office, 2019
- Certified Real Estate Agent (in Finnish: laillistettu kiinteistönvälittäjä)