HPP acted as a legal advisor to special investment fund Trevian Finland Properties I in a purchase of shares in three real estate companies located in Vaasa from the Harry Schauman Foundation. The properties related to the acquisition comprise almost an entire block in the city centre of Vaasa next to the market square. The shopping mall, offices, a big cinema and a small hotel, which will be opened in the spring 2020, are included in the properties.
The shopping mall located in one of the properties has been renovated and rebranded in 2018 and the opening of the new shopping mall, Espen, was celebrated in November 2018. Lessees include BioRex, Espresso House, New Yorker, Halonen and Dressman. The largest lessees for office premises are Nordea, KPMG and Sweco.
HPP advised in the transaction and advised the client in the due diligence process as well as the transaction negotiations.