Practices

Real Estate

Languages

Finnish, English

A woman in black shirt.

Sofia Tyykiluoto

Associate Real Estate

A woman in black shirt.

Practices

Real Estate

Languages

Finnish, English

Sofia advises clients in our Real Assets Practice, which is a multi-disciplinary group of experienced lawyers whose expertise cuts across energy, infrastructure, real estate, construction, environment, and projects.

Sofia specialises in real estate transactions and development projects. In addition, she provides advice on general commercial, corporate, and contract law.

Selected References

Parties:

UPM-Kymmene Corporation, Sappi Limited

Transaction:

Hannes Snellman is advising UPM-Kymmene Corporation (UPM) in establishing a joint venture to combine UPM’s graphic paper business and Sappi Limited’s graphic paper business in Europe with a combined enterprise value of the respective businesses of €1,420 million, excluding the value of expected synergy benefits. The joint venture is to include entire UPM Communication Papers business, including eight UPM Communication Papers’ paper mills at Kymi, Rauma and Jämsänkoski in Finland; Nordland, Augsburg, Schongau in Germany; UPM Caledonian paper mill in the UK, and Blandin paper mill in the USA.

The contemplated joint venture represents a decisive response to the structural changes in the European graphic paper industry, offering a path to strengthen the resilience of the industry and provide long-term commitment and supply security to graphic paper customers.

The complex, multi-jurisdictional transaction with agreements covering both JV structure, governance, carve-out and commercial arrangements required close-knit cooperation with broad UPM team and across all advisors.

Value:

Combined enterprise value of the respective businesses of EUR 1,420 million

Role:

Counsel to UPM-Kymmene Corporation

Contacts

Parties:

Morgan Stanley Real Estate Investing

Transaction:

Hannes Snellman acted for funds advised by Morgan Stanley Real Estate Investing in a formation of a joint venture that invests in residential properties in the Helsinki Metropolitan Area. The new venture has been launched with an initial acquisition of around 360 units across seven high-quality residential properties located in fast-growing areas within Helsinki, Espoo, and Vantaa, including four previously owned by Mandatum. The joint venture is looking to grow through more acquisitions going forward.

Value:

Not Public

Role:

Counsel to Morgan Stanley Real Estate Investing

Contacts

Parties:

Framery Group Plc, Nasdaq Helsinki

Transaction:

Hannes Snellman advised Framery Group Plc on its initial public offering and listing on Nasdaq Helsinki. The EUR 230 million transaction comprised Framery’s share issue of EUR 20 million and a share sale of up to EUR 210 million by Framery’s shareholders, implying a valuation of EUR 633 million immediately following the IPO.

Value:

EUR 633 million

Role:

Counsel to Framery Group Plc

Contacts

Parties:

Logicor, Ethos Capital

Transaction:

Hannes Snellman acted as counsel to Logicor in the disposal of a light industrial portfolio consisting of seven properties to Ethos Capital

Value:

Not public

Role:

Counsel to Logicor

Contacts

Hannes Snellman acted as counsel to the seller in the sale of a residential portfolio.

The portfolio consists of three assets in Espoo, with 142 apartments and a total leasable area of approximately 8,600 sqm. Located in prime micro-locations in Tapiola and Matinkylä, these assets enjoy exceptionally high occupancy rates.

Contacts

Professional Background

  • Associate, Hannes Snellman, 2024–

Education

  • Master of Laws, University of Eastern Finland, 2024