Highlight 31 January 2020

Krogerus advises South Korean-Finnish investor consortium on EUR 480 million acquisition

Krogerus advised a South Korean-Finnish investor consortium consisting of NH Investment and Securities (NHIS), Shinhan Investment Corp. and Varma Mutual Pension Insurance Company, led by Seoul-based AIP Asset Management and Helsinki-based Avant Asset Management on the sale and leaseback of OP Cooperative's headquarter office campus in Helsinki.

The office campus offers 74,150 sq m of lettable area and forms the largest single office complex in Finland accommodating approximately 6,000 employees. The value of the transaction at EUR 480 million makes it the largest ever single-asset office transaction in the Finnish real estate market.

Partner Marcus Möller led the Krogerus team and he was primarily assisted by senior associate Kalle Hakkarainen and associate Joonas Parkkinen. Partner Heidi Kivenjuuri, primarily assisted by senior associate Josefina Aalto and associate Kaarlo Hakkarainen, advised on financing matters and partner Pyry Somervuori advised on structuring matters.

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