Parties

Special investment fund Trevian Finland Properties I, Renor Oy

Transaction

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.

Deal Value

Value not public

Role

Counsel to Trevian Finland Properties I

Parties

YIT Corporation, Suomen Hyötytuuli Oy

Transaction

YIT's divestment of a pre-construction stage wind power project of Peuralinna to Suomen Hyötytuuli Oy

Deal Value

Value not public

Role

Counsel to YIT Corporation

Parties

Parties

NCC, Varma Pension Insurance Company

Transaction

NCC agreed to divest an office project in Espoo to Varma Pension Insurance Company

Deal Value

Approx. EUR 80 million

Role

Counsel to NCC

Parties

Parties

DWS (Buyer), Lehto Group plc. (Seller)

Transaction

Acquisition of a residential portfolio comprising 542 apartments from Lehto Group plc.

Deal Value

Value not public

Role

Counsel to DWS

Parties

Schroder Nordic Real Estate Fund (Buyer), Genesta (Seller)

Transaction

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)

Deal Value

Value not public

Role

Counsel to Schroder Nordic Real Estate Fund

Parties

Patrizia Immobilien AG (Seller), Special Investment Fund eQ Finnish Real Estate (Buyer)

Transaction

Patrizia Immobilien AG's divestment of an office building in Helsinki to Special Investment Fund eQ Finnish Real Estate

Deal Value

EUR 41 million

Role

Counsel to Patrizia Immobilien AG

Parties

Wereldhave N.V. (Seller), Morgan Stanley Real Estate Investing (MSREI) (Buyer)

Transaction

Wereldhave's divestment of the Itis shopping centre to a fund advised by Morgan Stanley Real Estate Investing (MSREI)

Deal Value

Approx. EUR 520 million

Role

Counsel to Wereldhave N.V.

Parties

Deutsche Asset & Wealth Management

Transaction

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.

Deal Value

Value not public

Role

Counsel to Deutsche Asset & Wealth Management

Parties

Skandia Fastigheter AB (Seller), Castellum AB (Buyer)

Transaction

Skandia Fastigheter AB's divestment of a 14,400 sqm of office property in Helsinki to Castellum AB

Deal Value

Value not public

Role

Counsel to Skandia Fastigheter AB

Parties

IVG Polar Oy (Seller), Goldman Sachs and Cromwell Property Group (Buyers)

Transaction

IVG Polar Oy's divestment of an office portfolio with a lettable space of 132,000m² to Goldman Sachs and Cromwell Property Group

Deal Value

EUR 108.5 million

Role

Counsel to IVG Polar Oy

Parties

Kojamo plc (Seller), a fund managed by Morgan Stanley Real Estate Investing (Buyer)

Transaction

Kojamo plc's disposal of 1,594 non-restricted rental apartments to a fund managed by Morgan Stanley Real Estate Investing

Deal Value

EUR 97 million

Role

Counsel to Kojamo plc

Parties

A fund managed by J.P. Morgan Asset Management (Seller), a fund managed by Genesta (Buyer)

Transaction

J.P. Morgan Asset Management's disposal of a 66,680 sqm logistics property in Espoo to a fund managed by Genesta

Deal Value

Value not public

Role

Counsel to J.P. Morgan

Parties

TRIUVA Kapitalverwaltungsgesellschaft (Buyer), a group of private Finnish investors (Seller)

Transaction

TRIUVA Kapitalverwaltungsgesellschaft, acting on behalf of an institutional investor, acquired a core mixed use building on Kanavaranta 3-7

Deal Value

Value not public

Role

Counsel to TRIUVA

Parties

Deutsche Asset & Wealth Management (Buyer), Exilion Capital Oy (Seller)

Transaction

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

Deal Value

Approx. EUR 164 million

Role

Counsel to Deutsche Asset & Wealth Management

Parties

Schroder

Transaction

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

Deal Value

Value not public

Role

Counsel to Schroder

Parties

Fund managed by Barings Real Estate Advisers (Buyer), The Confederation of Finnish Construction Industries RT (Seller)

Transaction

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

Deal Value

EUR 16.3 million

Role

Counsel to Barings Real Estate Advisers

Parties

Skandia Fastigheter (Buyer), Fund managed by TRIUVA (Seller), 14,400 sqm of office property (Target)

Transaction

Skandia Fastigheter’s acquisition of 14,400 sqm of office property in Helsinki from a fund managed by TRIUVA.

Deal Value

Value not public

Role

Counsel to Skandia Fastigheter

Parties

Scandic Hotels Group (Buyer), Restel (Seller), Restel’s Hotel Portfolio (Target)

Transaction

Scandic’s acquisition of Restel’s hotel operations in Finland from Restel

Deal Value

EUR 114.5 million

Role

Counsel to Scandic Hotels Group

Parties

J.P. Morgan Asset Management fund (Seller), Alma Property Partners I AB (Buyer)

Transaction

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

Deal Value

Value not public

Role

Counsel to J.P. Morgan

Parties

YIT Corporation, Sokotel Oy, Exilion Management Oy, Elo Mutual Pension Insurance Company, Veritas Pension Insurance Company and the State Pension Fund of Finland (VER)

Transaction

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

Deal Value

Approx. EUR 88 million

Role

Counsel to YIT Corporation

Parties

Barings Real Estate Advisers (Buyer), CapMan (Seller)

Transaction

The acquisition of Entresse shopping mall from CapMan, by a fund managed by Barings Real Estate Advisers

Deal Value

Value not public

Role

Counsel to Barings Real Estate Advisers

Parties

TH Real Estate (Buyer), Barings Real Estate Advisers (Seller), Kamppi shopping centre (Target)

Transaction

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.

Deal Value

Approx. EUR 500 million

Role

Counsel to Barings Real Estate Advisers

Parties

VVO's Major Residential Portfolio Disposal

Transaction

VVO's disposal of 1,344 non-restricted rental apartments to a company managed by Avant Capital Partners

Deal Value

Value not public

Role

Counsel to VVO Group plc.

Parties

Niam (Buyer), Commerz Real Investmentgesellschaft MBH (Seller)

Transaction

Niam's acquisition of an office property in Helsinki, called Life Science Center Keilaniemi, from Commerz Real Investmentgesellschaft MBH

Deal Value

Value not public

Role

Counsel to Niam

Parties

Fund managed by PATRIZIA Immobilien AG (Buyer), Fennia Life Insurance Company Ltd. (Seller)

Transaction

PATRIZIA Immobilien AG fund's acquisition of a 9,000 sqm office property from Fennia Life Insurance Company Ltd.

Deal Value

Value not public

Role

Counsel to a fund managed by PATRIZIA Immobilien AG

Parties

Avant Capital Partners and Alma Property Partners I AB (Buyers), Sukari Group (Seller)

Transaction

Avant Capital Partners' and Alma Property Partners I AB's acquisition of the Ideapark Oulu shopping centre from Sukari Group

Deal Value

Value not public

Role

Counsel to Avant Capital Partners and Alma Property Partners I AB

Parties

Metsähallitus (Seller), Taaleri Plc private equity fund and Loiste Energia Oy (Buyers)

Transaction

Metsähallitus' divestment of wind farm project to Taaleri Plc private equity fund and Loiste Energia Oy

Deal Value

EUR 110 million

Role

Counsel to Metsähallitus

Parties

YIT Corporation, Sokotel Oy, Exilion Management Oy, Elo Pension Company and SOK Corporation

Transaction

YIT Corporation's, Sokotel Oy's, Exilion Management Oy's, Elo Pension Company's and SOK Corporation's joint venture for the implementation of the hotel for the Tripla project in Central Pasila, Helsinki

Deal Value

Value not public

Role

Counsel to YIT Corporation

Parties

Redito AB (Buyer), Sagax (Seller)

Transaction

Redito AB's acquisition (through Trophi Fastighets AB) of a retail portfolio from Sagax

Deal Value

Approx. EUR 50 million

Role

Counsel to Redito AB

Parties

Niam (Buyer), Elo Mutual Pension Insurance Company (Seller)

Transaction

Niam's acquisition of a portfolio of six modern office properties located within the Helsinki Metropolitan Area from Elo Mutual Pension Insurance Company

Deal Value

Value not public

Role

Counsel to Niam

Parties

Ratos AB, Varma Mutual Pension Insurance Company, Redito AB, Serena Properties AB

Transaction

Counsel to Ratos AB (publ), Varma Mutual Pension Insurance Company and Redito AB in a formation of Serena Properties AB

Deal Value

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

Role

Counsel to Ratos AB (publ), Varma Mutual Pension Insurance Company and Redito AB

Parties

Niam (Buyer), Helsingin Osuuskauppa Elanto (Seller), Kaari shopping centre (Target)

Transaction

Niam's acquisition of the Kaari shopping centre, the ninth largest shopping centre in Finland, and five freehold plots around the shopping centre.

Deal Value

Value not public

Role

Counsel to Niam

Parties

Citycon (Seller), Niam (Buyer), Strömpilen (Target)

Transaction

Citycon has signed an agreement to sell the shopping centre Strömpilen in Umeå to Niam.

Deal Value

Approx. EUR 39 million

Role

Counsel to Citycon

Parties

Deutsche Asset & Wealth Management (Buyer), Veritas Pension Insurance Company Ltd (Seller)

Transaction

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.

Deal Value

Approx. EUR 70 million

Role

Counsel to Deutsche Asset & Wealth Management

Parties

Ilmarinen and AMF (Buyer), Kesko (Seller and Co-Investor), 40 retail properties in Finland and Sweden (Target)

Transaction

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.

Deal Value

EUR 652 million

Role

Counsel to Ilmarinen and AMF

Parties

eQ Finnish Real Estate (Buyer), VR Pension Fund (Seller)

Transaction

eQ Finnish Real Estate's acquisition of two properties from VR Pension Fund and Etera Mutual Pension Insurance Company

Deal Value

EUR 23 million

Role

Counsel to eQ Finnish Real Estate

• 'Interviewees describe the team as a "very dominant and active player in the market, with good deals and high-profile, international clients."'
• 'Sources say: "The lawyers are very fast and very analytical."'

• 'A particularly impressed client remarks that "in real estate you could say they are the number one advisers in Finland."'

• '"Hannes Snellman has experience in transactions, larger private equity and tough negotiations."'

• 'Impressive department with a strong track record advising on real estate transactions and developments. "Hannes Snellman stands out. I use them for large, resource-intensive matters and get especially good-quality work."'