HPP advised Senate Properties in the sale of shares pertaining to Kulttuuritalo and the adjoint former Home Economics Teacher Institute (Fi. Helsingin Kotitalousopettajaopisto) located at Sturenkatu 2-4, Helsinki to Helsingin Kulttuurihub Oy. The purchase price was EUR 11.450.000.
The sold entity consists of Kulttuuritalo, a well-known and versatile concert and convention space, as well as the office wing and the Home Economics Teacher Institute building, mainly consisting of office space and underground archives facilities. Both buildings are protected built heritage. Kulttuuritalo was designed by Alvar Aalto.
HPP acted as the legal advisor to the seller in the transaction.