Highlight 30 May 2024

Krogerus advises Catella European Residential III on ca. €50 million deal

Krogerus advises Catella European Residential III on its acquisition of four Article 9 compliant residential properties. These properties were acquired from Oivat Kaupunkikodit Ky (managed by eQ Asset Management Ltd) and are located in Helsinki, Vantaa, Tampere and Turku in excellent locations close to daily services.

The portfolio comprises 243 apartments in buildings having been completed recently between 2021 and 2022 and offering a combined lettable area of approximately 11,000 sqm.

"It was an absolute pleasure to work with Joonas, Pyry, Maria and Amalia in this transaction. Dynamic and stellar job all the way. It's highly appreciated when legal advisors think ahead and make things easier for the client", says Tapio Nurkkala, Investment Director at Catella Asset Management.

Krogerus team was led by Partner Pyry Somervuori together with Counsel Joonas Parkkinen and they were primarily assisted by Associates Maria Walden and Amalia Tiainen.

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