Highlight 15 February 2018

Krogerus advises SRV on Tampere Central Deck and Arena project

Krogerus advised SRV, a Finland-based construction company, in connection with the Tampere Central Deck and Arena real estate development project. The project will connect the eastern and western sides of the city of Tampere, forming a new kind of hybrid block combining housing, working premises and a sports and events arena with approximately 13,000 seats. The total value of the project is estimated to be EUR 550 million.

The project’s joint venture agreement between SRV and the project’s investor partners LocalTapiola Group and OP Financial Group’s insurance and pension insurance companies was signed in October 2017. At the same time, a shareholders' agreement for the multi-purpose arena was signed with the City of Tampere. Further to the fulfilment of the preconditions for commencing the construction works, including receiving clearance from the relevant competition authorities, a term loan facility agreement was signed in January 2018 with the arena’s finance providers Nordea Bank AB (publ), Finnish Branch, Svenska Handelsbanken AB (publ), Branch Operation in Finland, Tampereen Seudun Osuuspankki and LähiTapiola Yritysrahoitus I Ky.

The Krogerus team responsible for the joint venture agreements was led by partner Jan Johanson and he was mainly assisted by associates Anna Metso, Sami Järvinen and Riku Saarinen.

The Krogerus team responsible for the merger control filing was led by partner Leena Lindberg and she was assisted by associate Alina Böling.

The Krogerus team responsible for the debt financing was led by partner Juha Wessman and he was assisted by counsel Minna Korhonen and associate Juho Jalo.

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