HPP advised DEAS Asset Management which advised a fund managed by abrdn in a construction and leasing deal concerning the premises of the energy management company Eaton in Tuupakka, Vantaa. The premises will be built by Jatke Toimitilat Oy for Eaton and the project will be financed by the fund managed by abrdn.
The building will have an area of about 16,500 square meters and the construction will begin in June 2022. Eaton will be able to move to the new premises by the end of 2023. Eaton’s development and research operations, production, warehouse, sales, marketing and maintenance will all be found under the same roof.
Environmental aspects were important to all parties. It is planned to apply for a Very Good level BREEAM certification for the property, which will guide the environmental impact assessment of the object. The premises will be connected to geothermal heating and the use of solar panels will also become possible.
HPP acted as the legal advisor of DEAS Asset Management in the deal and assisted, among other things, in the SPA, lease agreement and construction agreement negotiations.