Tapio Teräkivi
Partner | Helsinki@hannessnellman.com
A forward-thinking approach and an understanding of the underlying business logic is present in our Real Estate team’s work. We deliver efficient and pragmatic execution of assignments on matters ranging from day-to-day letting to demanding cross-border transactions and green-field developments with complex legal and financial structures.
Our Real Estate team has in-depth knowledge and experience of the entire real estate sector, the service offering covering transactions, property development, structuring, fund formation, joint ventures, and strategic advice. To provide our clients with seamless service, our real estate team works in close cooperation with our specialists in Finance, Tax, and Dispute Resolution.
Real Estate practice is a part of our cross-border Real Assets service concept combining our offerings to the Environment & Natural Resources, Infrastructure & Energy, Projects & Construction, and Real Estate sectors into a coordinated, multi-disciplinary advice to our clients.
YIT Oyj, Ålandsbanken Wind Power Fund
YIT Oyj's wind power development project with Ålandsbanken Wind Power Fund, where YIT agreed to sell the project, deliver the balance of plant construction works and manage the construction of the wind farm until commencement of the operation. The aggregate maximum production capacity of the project is 90 MW.
Value not public
Counsel to YIT Oyj
Tornator Oyj, OX2
Tornator Oyj's disposal of a wind development project portfolio to OX2. The portfolio comprises development phase wind parks with an aggregate maximum production capacity of 600 MW, representing approximately MEUR 600 investments when in operation
EUR 600 million
Counsel to Tornator Oyj
NP3 Fastigheter AB, AB Sagax
NP3 Fastigheter AB on its joint venture with AB Sagax
Value not public
Counsel NP3 Fastigheter AB
Telia Company (Seller), Polhem Infra (Buyer), Telia Carrier (Target)
Telia Company’s divestment of Telia Carrier to Polhem Infra
SEK 9,450 million
Finnish counsel to Telia Company
TrønderEnergi AS, Scandinavian Biogas
The Norwegian energy company TrønderEnergi has become the largest shareholder in Scandinavian Biogas, a leading producer of biogas in the Nordics.
Value not public
Swedsih counsel to TrønderEnergi AS
Castellum (Buyer), Lindström Invest (Target)
Castellum's acquisition of real estate group Lindström Invest
EUR 150 million
Counsel to Castellum AB (publ)
Counsel to Areim in the disposal of an office property (Martintalo). The office property, which was built in 1992, is located in Vantaa in the Greater Helsinki area, and it comprises 14,000 square meters of office space.
Riflex, Genova Property Group
Counsel to Riflex in its divestment of the properties Gredelby 7:89 and Särsta 3: 398 located in Knivsta to Genova Property Group
Value not public
Counsel to Riflex
A fund managed by Quadoro Investment GmbH
Acquisition of Hermia 5 and Hermia 6 office properties located in the Hermia Science Park in Tampere with a lettable area of approximately 30,000 square metres
Value not public
Counsel to a fund managed by Quadoro Investment GmbH
Tapio Teräkivi, Heikki Vesikansa, Markus Bremer, Marjaana Martikainen, Jenni Parviainen, Piia Ahonen, Meeri Karlsson, Ella Rinne, Panu Vikberg, Linda Launonen, and Viivi Rousku.
YIT Corporation, OP-Rental Yield
YIT and OP-Rental Yield entered into an agreement to establish a joint venture company for housing investments
EUR 130 million
Counsel to YIT Corporation
DWS (buyer), Regenero (Seller)
DWS's acquisition of the Accountor Tower, a 24,000 sq. m. office development in Keilaniemi, Espoo, from YIT and HGR Property Partners’ joint venture Regenero
Value not public
Counsel to DWS
Special investment fund Trevian Finland Properties I, Renor Oy
Special investment fund Trevian Finland Properties I has entered into an agreement with Renor Oy whereby Trevian became the majority owner of a 31,000 sqm office property located in Lahti.
Value not public
Counsel to Trevian Finland Properties I
Patrizia (Buyer), Ilmarinen Mutual Pension Insurance Company (Seller)
Patrizia's acquisition of the Dixi office property with a total lettable area of approximately 14,300 sqm located in Helsinki Metropolitan Area (HMA) from Ilmarinen Mutual Pension Insurance Company
Value not public
Counsel to Patrizia
NCC, Varma Pension Insurance Company
NCC agreed to divest an office project in Espoo to Varma Pension Insurance Company
Approx. EUR 80 million
Counsel to NCC
YIT Corporation, Ålandsbanken
YIT and Ålandsbanken entered into an agreement to establish a joint venture company for housing investments
EUR 112 million
Counsel to YIT Corporation
DWS (Buyer), Lehto Group plc. (Seller)
Acquisition of a residential portfolio comprising 542 apartments from Lehto Group plc.
Value not public
Counsel to DWS
Schroder Nordic Real Estate Fund (Buyer), Genesta (Seller)
Schroder Nordic Real Estate Fund's financing and acquisition of 11,230m² office building in Helsinki from Genesta, acting on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II)
Value not public
Counsel to Schroder Nordic Real Estate Fund
Patrizia Immobilien AG (Seller), Special Investment Fund eQ Finnish Real Estate (Buyer)
Patrizia Immobilien AG's divestment of an office building in Helsinki to Special Investment Fund eQ Finnish Real Estate
EUR 41 million
Counsel to Patrizia Immobilien AG
Wereldhave N.V. (Seller), Morgan Stanley Real Estate Investing (MSREI) (Buyer)
Wereldhave's divestment of the Itis shopping centre to a fund advised by Morgan Stanley Real Estate Investing (MSREI)
Approx. EUR 520 million
Counsel to Wereldhave N.V.
Deutsche Asset & Wealth Management
Deutsche Asset & Wealth Management's acquisition of a prime logistics facility in Aviapolis. The acquired complex comprises 42,000 square meters spread across an extensive distribution warehouse, cross-dock facility and stand-alone office complex.
Value not public
Counsel to Deutsche Asset & Wealth Management
Skandia Fastigheter AB (Seller), Castellum AB (Buyer)
Skandia Fastigheter AB's divestment of a 14,400 sqm of office property in Helsinki to Castellum AB
Value not public
Counsel to Skandia Fastigheter AB
IVG Polar Oy (Seller), Goldman Sachs and Cromwell Property Group (Buyers)
IVG Polar Oy's divestment of an office portfolio with a lettable space of 132,000m² to Goldman Sachs and Cromwell Property Group
EUR 108.5 million
Counsel to IVG Polar Oy
Kojamo plc (Seller), a fund managed by Morgan Stanley Real Estate Investing (Buyer)
Kojamo plc's disposal of 1,594 non-restricted rental apartments to a fund managed by Morgan Stanley Real Estate Investing
EUR 97 million
Counsel to Kojamo plc
A fund managed by J.P. Morgan Asset Management (Seller), a fund managed by Genesta (Buyer)
J.P. Morgan Asset Management's disposal of a 66,680 sqm logistics property in Espoo to a fund managed by Genesta
Value not public
Counsel to J.P. Morgan
TRIUVA Kapitalverwaltungsgesellschaft (Buyer), a group of private Finnish investors (Seller)
TRIUVA Kapitalverwaltungsgesellschaft, acting on behalf of an institutional investor, acquired a core mixed use building on Kanavaranta 3-7
Value not public
Counsel to TRIUVA
Deutsche Asset & Wealth Management (Buyer), Exilion Capital Oy (Seller)
The acquisition of a landmark headquarter property and a parking facility located in Keilaniemi, Espoo by a fund managed by Deutsche Asset & Wealth Management from a fund managed by Exilion Capital Oy
Approx. EUR 164 million
Counsel to Deutsche Asset & Wealth Management
Schroder
Schroder's (acting on behalf of Schroder Nordic Real Estate Fund) acquisition of a portfolio of nine office properties located in the Greater Helsinki area with a total lettable area of approx. 53,000 sqm
Value not public
Counsel to Schroder
Fund managed by Barings Real Estate Advisers (Buyer), The Confederation of Finnish Construction Industries RT (Seller)
The acquisition of an office-to-hotel conversion project from the Confederation of Finnish Construction Industries RT, by a fund managed by Barings Real Estate Advisers
EUR 16.3 million
Counsel to Barings Real Estate Advisers
Skandia Fastigheter (Buyer), Fund managed by TRIUVA (Seller), 14,400 sqm of office property (Target)
Skandia Fastigheter’s acquisition of 14,400 sqm of office property in Helsinki from a fund managed by TRIUVA.
Value not public
Counsel to Skandia Fastigheter
Scandic Hotels Group (Buyer), Restel (Seller), Restel’s Hotel Portfolio (Target)
Scandic’s acquisition of Restel’s hotel operations in Finland from Restel
EUR 114.5 million
Counsel to Scandic Hotels Group
J.P. Morgan Asset Management fund (Seller), Alma Property Partners I AB (Buyer)
The disposal of four office properties in the Keilaniemi business district of Espoo, Finland by a J.P. Morgan Asset Management fund to Alma Property Partners I AB
Value not public
Counsel to J.P. Morgan
YIT Corporation, Sokotel Oy, Exilion Management Oy, Elo Mutual Pension Insurance Company, Veritas Pension Insurance Company and the State Pension Fund of Finland (VER)
YIT Corporation’s disposal of Tripla Hotel. 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
Approx. EUR 88 million
Counsel to YIT Corporation
Barings Real Estate Advisers (Buyer), CapMan (Seller)
The acquisition of Entresse shopping mall from CapMan, by a fund managed by Barings Real Estate Advisers
Value not public
Counsel to Barings Real Estate Advisers
TH Real Estate (Buyer), Barings Real Estate Advisers (Seller), Kamppi shopping centre (Target)
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 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.
Approx. EUR 500 million
Counsel to Barings Real Estate Advisers
VVO's Major Residential Portfolio Disposal
VVO's disposal of 1,344 non-restricted rental apartments to a company managed by Avant Capital Partners
Value not public
Counsel to VVO Group plc.
Niam (Buyer), Commerz Real Investmentgesellschaft MBH (Seller)
Niam's acquisition of an office property in Helsinki, called Life Science Center Keilaniemi, from Commerz Real Investmentgesellschaft MBH
Value not public
Counsel to Niam
Fund managed by PATRIZIA Immobilien AG (Buyer), Fennia Life Insurance Company Ltd. (Seller)
PATRIZIA Immobilien AG fund's acquisition of a 9,000 sqm office property from Fennia Life Insurance Company Ltd.
Value not public
Counsel to a fund managed by PATRIZIA Immobilien AG
Avant Capital Partners and Alma Property Partners I AB (Buyers), Sukari Group (Seller)
Avant Capital Partners' and Alma Property Partners I AB's acquisition of the Ideapark Oulu shopping centre from Sukari Group
Value not public
Counsel to Avant Capital Partners and Alma Property Partners I AB
YIT Corporation, Etera Mutual Pension Insurance Company, Onvest Oy, Fennia Mutual Insurance Company
Joint venture of YIT Corporation, Etera Mutual Pension Insurance Company, Onvest Oy, and Fennia Mutual Insurance Company for the implementation of the Mall of Tripla and its parking facilities
Approx. EUR 600 million
Counsel to YIT Corporation
Redito AB (Buyer), Sagax (Seller)
Redito AB's acquisition (through Trophi Fastighets AB) of a retail portfolio from Sagax
Approx. EUR 50 million
Counsel to Redito AB
Niam (Buyer), Elo Mutual Pension Insurance Company (Seller)
Niam's acquisition of a portfolio of six modern office properties located within the Helsinki Metropolitan Area from Elo Mutual Pension Insurance Company
Value not public
Counsel to Niam
Ratos AB, Varma Mutual Pension Insurance Company, Redito AB, Serena Properties AB
Counsel to Ratos AB (publ), Varma Mutual Pension Insurance Company and Redito AB in a formation of Serena Properties AB
The new fund will acquire 22 properties from Varma for its initial portfolio. The combined value of the properties is approx. EUR 191.5 million
Counsel to Ratos AB (publ), Varma Mutual Pension Insurance Company and Redito AB
Niam (Buyer), Helsingin Osuuskauppa Elanto (Seller), Kaari shopping centre (Target)
Niam's acquisition of the Kaari shopping centre, the ninth largest shopping centre in Finland, and five freehold plots around the shopping centre.
Value not public
Counsel to Niam
Citycon (Seller), Niam (Buyer), Strömpilen (Target)
Citycon has signed an agreement to sell the shopping centre Strömpilen in Umeå to Niam.
Approx. EUR 39 million
Counsel to Citycon
Deutsche Asset & Wealth Management (Buyer), Veritas Pension Insurance Company Ltd (Seller)
Hannes Snellman acted as counsel to Deutsche Asset & Wealth Management, acting on behalf of the German open ended real estate fund “grundbesitz europa”, in its acquisition of a prime office property located in Leppävaara, Espoo with an underlying property value of approx. EUR 70 million from Veritas Pension Insurance Company Ltd.
Approx. EUR 70 million
Counsel to Deutsche Asset & Wealth Management
Ilmarinen and AMF (Buyer), Kesko (Seller and Co-Investor), 40 retail properties in Finland and Sweden (Target)
JV between Kesko, Ilmarinen and AMF concerning the sale and leaseback of a portfolio of 40 retail properties in Sweden and Finland. Kesko continues as an owner of the portfolio, with AMF, Ilmarinen and Kesko having equal shares in the portfolio going forward.
EUR 652 million
Counsel to Ilmarinen and AMF
eQ Finnish Real Estate (Buyer), VR Pension Fund (Seller)
eQ Finnish Real Estate's acquisition of two properties from VR Pension Fund and Etera Mutual Pension Insurance Company
EUR 23 million
Counsel to eQ Finnish Real Estate