Development Project in the Turku Rail Yard
We are advising Turun Ratapihan Kehitys Oy, which is developing a nearly €500 million, 170,000 m2 family holiday destination in the Turku rail yard.
The City of Turku began the land use planning process in cooperation with the development company in February 2018. The goal is for the new local detailed plan to be final by the end of 2019 so that construction could begin during 2020.
In addition to real estate and construction law matters, we have been advising the development company in corporate law and taxation matters as well as in financing arrangements. The Turun Ratapiha project is an excellent example of Castrén & Snellman’s versatile real estate development expertise.