HPP advises the City of Helsinki in the sale of the restaurant Kappeli building in an open tender process to HOK-Elanto with a purchase price of MEUR 20. As a part of the arrangement, the City of Helsinki leases the land areas located under and beside the building to the purchaser with a long-term land lease agreement. The purchaser has operated in the building as of 1976.
Kappeli is a historical target located on the eastern side of the Esplanadi park and the oldest parts of the building were built in 1867. Kappeli has become known as the gathering place of famous late Finnish artists such as Eino Leino, Akseli Gallen-Kallela and Jean Sibelius.
HPP acts as the legal adviser to the City of Helsinki in the transaction while JLL Finland Oy acts as the financial adviser.