Fund Managed by OP Real Estate Asset Management – Konepaja Hotel Development Project

We advised a fund managed by OP Real Estate Asset Management Ltd in a property development project in the Vallila Konepaja area in Helsinki. After completion of the renovations, Folks Hotels Oy will operate a 150-room hotel in the historical red brick buildings formerly owned by the Finnish railway transport service VR. The fund managed by OP Real Estate Asset management has entered into a long-term lease agreement with Folk Hotels.