HPP acted as the legal advisor to a private property owner in concluding a preliminary contract with Elo Mutual Pension Insurance Company, Avain Yhtiöt Oy and T2H Espoo Oy concerning acquisition of a plot. The object of the sale defined in the preliminary contract is subject to a town plan amendment and is located in the immediate vicinity of Kauklahti railway station in Espoo.
The current pending amendment of the town plan enables new residential building rights of approximately 30,000 sqm to the area.
HPP advises the seller in the preparatory works for the transactions as well as the transaction negotiations. Newsec advises the property owners in guidance with respect to the town amendment plan as well as in the sale process.