NREP – Construction of Wooden Residential Buildings in Espoo and Turku

NREP – Construction of Wooden Residential Buildings in Espoo and Turku

Property development projects often involve numerous legal aspects. By handling them right, you can ensure the success of your project.

Whether you are working on complex development projects or smaller real estate projects, you can always rely on us. Our services include:

  • Project structuring
  • Project coordination
  • Project companies and joint ventures
  • Investment, financing, project and management agreements
  • Land use and acquisition agreements
  • Service agreements and leases
  • Other project agreements
  • Project tax planning

Our real estate development experience has developed over many years, and we are thoroughly versed in the challenges our clients face in their projects. By bringing us on board, you will get a team that will actively support the success of your project, is able to find new solutions to the situations you encounter and, above all, takes a practical approach to projects.

Depending on your needs, our experts will provide you with concrete advice in individual questions or with a team to support you in more extensive projects. As Finland’s largest real estate law practice, we can adapt to work in the way that best supports the success of your real estate development projects.

Chambers Europe and Legal 500 rank our real estate services among Finland’s best.

Latest references

We advised eQ Community Properties Fund in its acquisition of a property portfolio comprising a health centre in Espoo, a daycare property in Vantaa, an elementary school in Helsinki, and a parking facility property in Helsinki from Ilmarinen Mutual Pension Insurance Company. The lettable area of the first three properties is approximately 13,900 sq.m., while the parking facility offers 120 parking spaces. The portfolio’s tenants include the City of Helsinki, the City of Vantaa, the Western Uusimaa Wellbeing Services County, and Aimo Park Oy. In connection with the transaction, Ilmarinen invested in eQ Community Properties fund as per 31 December 2024.
Case published 9.1.2025
We assisted Nrep in the development of a residential building that will be built adjacent to the Arabia Shopping Centre in north-eastern Helsinki. Our assignment included assisting in a financing arrangement for the residential building, together with corporate and real estate arrangements related to the project. This involved restructuring through share transactions and a demerger, a zoning change, a change of plot division, a joint arrangement, and a management division agreement. The new 16-storey residential building will consist of 188 Juli Living rental apartments and additional business premises on the street level. Once completed, the building will be one of the most energy-efficient residential buildings in Finland. The financing arrangement complies with Nrep’s sustainability targets. LEED Platinum certification will be applied for the project, while the previous two LEED Platinum certificates for residential buildings have been awarded to Nrep’s Herttoniemi and Friisilä sites.
Case published 28.10.2024
We assisted eQ Community Properties Fund in the sale of three healthcare and hospital properties to Niam. The properties have a total floor area of approximately 18,000 square meters. Two of the properties are located in Helsinki and one in Pori. Saukonpaadenranta 2 is a property in the maritime district of Jätkäsaari, with the private cancer hospital Docrates as its main tenant. Bulevardi 22 is a historical property where Mehiläinen, one of Finland’s largest private healthcare service providers, operates as the main tenant. The property in Pori, located in the heart of the city, has a lettable area of approximately 5,800 square metres and it is BREEAM Very Good certified. The property is fully leased to Terveystalo. 
Case published 5.7.2024
We advised funds managed by OP in a transaction whereby they sold two modern logistics properties to Logian. Logian is a joint venture between Keva and Mrec Investment Management Oy. The properties are located in Tuusula close to the Helsinki Airport, and their area is approximately 32,300 square metres in total. The properties hold the LEED Gold certificate with energy class A and feature solar panels that generate a significant share of the electricity used by the properties annually. 
Case published 3.7.2024