HPP advised the City of Helsinki in a sale and leaseback transaction

The city of Helsinki signed on 4 December 2018 a sale and purchase agreement with Union Investment Real Estate GmbH regarding the sale and purchase of an Urban Environment House building to be constructed in Kalasatama Helsinki. The sale and purchase price of the building is EUR 165,000,000. The transaction is agreed to be closed upon completion of the construction works at which time the City of Helsinki will lease the building on a 20 year fixed term lease. The lettable area of the Urban Environment House is 27,500 square meters.

HPP advised the City of Helsinki in the designing and other preparatory works of the transaction as well as in the investor bidding process and the transaction negotiations. Newsec acted as the seller’s commercial advisor in the transaction.

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