13.2.2015

ALSO Finland – Construction of a New Warehouse Logistics Centre

We advised ALSO Finland in a construction and lease project regarding a new warehouse logistics centre to be located in Pirkkala. Our assignment included drafting and negotiating the whole project agreement package, including agreements with an investor-partner regarding the development, construction and leasing of the new warehouse to be built, and the supply contract of the warehouse logistics system.

ALSO is a prominent European full-range ICT solutions and services provider. ALSO Finland is the leading wholesaler of IT and consumer electronics in Finland. The company focuses on online business, largely automated warehousing services, and fast deliveries. The headquarters and logistics centre for ALSO Finland are currently located in Tampere, and the new warehouse and logistics centre are also to be built in the Tampere region.

Latest references

We are acting as the lead counsel to Fortum in a cross-border transaction in which Fortum is selling its recycling and waste business. The business is sold to thematic impact investing firm Summa Equity through its portfolio company NG Group. The debt-free purchase price is approximately EUR 800 million. The transaction is subject to authority approval and customary closing conditions. Fortum’s recycling and waste business to be sold comprises municipal and industrial waste management and end-to-end plastics, metals, ash, slag and hazardous waste treatment and recycling services. These businesses are located in Finland, Sweden, Denmark and Norway and currently employ approximately 900 employees.
Case published 18.7.2024
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
We advised OP-Rental Yield non-UCITS fund in the sale of two apartment buildings to Sirius Capital Partners. The object of sale comprised 158 apartments with the combined area of approximately 7,100 square metres. The buildings are located in Pasila and Etelä-Haaga in Helsinki. The building in Etelä-Haaga is very energy efficient with an EPC rating A, equipped with both solar panels  and geothermal heating. Sirius will be installing solar panels on the roof of the Pasila building, transforming its EPC rating from B to A.
Case published 24.6.2024