11.7.2022

Foundation for Student Housing in the Helsinki Region (Hoas) – Procurement of ERP System

Related services

We assisted the Foundation for Student Housing in the Helsinki Region (Hoas) in its procurement of a cloud-based ERP system, which is delivered, implemented and maintained by Visma Real Estate Oy, a Visma Group company. With its new ERP system, Hoas aims to, inter alia, expedite and facilitate the selection of tenants and renting out apartments as well as the preparation and handling of different kinds of service requests. The ERP system has a central role in fulfilling the strategic goals of Hoas and managing its real estate portfolio. Hoas owns 10,300 apartments in the Helsinki region and has over 18,000 students as tenants.

The Foundation for Student Housing in the Helsinki Region (Hoas) is a non-profit foundation founded in 1969. Hoas rents out, builds and maintains housing in the Helsinki region for students who are studying full time at schools of secondary and tertiary level education, as well as for international exchange students. Hoas works in cooperation with the student unions of the University of Helsinki and Aalto University, as well as 10 other university and polytechnic student unions.

Visma Real Estate Oy is a Finnish software company operating in the real estate sector. It develops the Tampuuri software and helps its customers to digitalise their property management processes. Visma Real Estate has offices in six locations around Finland and employs some 100 experts in total, 28 of which focus on developing Tampuuri. In 2021, Visma Real Estate had a turnover of EUR 14.6 million.

Latest references

We successfully represented insurance companies LähiTapiola and OP Henkivakuutus in two cases concerning an important point of principle: the right of insurance companies to process health data as part of the insurance application process. The Supreme Administrative Court handed down twin decisions ( one published as precedent ) addressing the matter in light of contrary DPA decisions. Under the Finnish Data Protection Act, insurance companies may, to simplify, process health data concerning “insured persons” (vakuutettu, försäkrad) to determine liability under the insurance. This rule constitutes an exception to Article 9 GDPR. At issue was whether the term “insured person” also covers people in the process of obtaining insurance coverage or only people who are already covered. In more practical terms: can an insurance company rely on the rule when considering whether/how to grant the insurance in the first place? The SAC answered in the affirmative and thus upheld the traditional industry approach over the DPA’s contrary view. The SAC noted that the Data Protection Act did not define the term “insured person” and thus looked at insurance legislation for guidance. As argued by the insurance companies, that legislation also uses the term in the context of describing the insured person’s pre-contractual informational obligations. Thus, and in view of the underlying purpose of the rule at issue, the SAC found that an “insured person” could be someone in the process of obtaining coverage, not just a person already covered. The outcome clarifies the scope of the local rule at the insurance application stage for the Finnish insurance industry.
Case published 22.1.2026
We acted as Finnish counsel to SuperOffice AS, backed by Axcel, in its acquisition of Lyyti Oy from Finnish private equity firm Vaaka Partners and other sellers. Lyyti is a leading event management software company for physical, digital and hybrid events with a strong customer base in Finland, Sweden and France. SuperOffice is a leading provider of customer relationship management (CRM) software for small and medium-sized businesses across Northern Europe. Axcel is a Nordic private equity firm with a focus on technology, business services and industrials, healthcare, and consumer sectors.
Case published 9.12.2025
We advised Lantmännen ek för in its contemplated acquisition of Leipurin from Aspo Plc. Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. Lantmännen is owned by 17,000 Swedish farmers and has 12,000 employees in over 20 countries. Leipurin is a leading Nordic supplier of bakery ingredients, equipment, and expert services to professional bakeries, confectioneries, and food manufacturers. The company operates across Finland, Sweden, and the Baltic countries with subsidiaries located in the aforementioned countries, providing comprehensive solutions to the baking industry. The closing of the transaction remains subject to regulatory approvals.
Case published 25.8.2025
We assisted Oomi Oy in its expansion into the mobile telecommunications market with the launch of Oomi Mobiili, a new MVNO brand. Our work covered the preceding due diligence process as well as structuring and negotiating key partner agreements, laying a solid foundation for Oomi’s entry into the new market. Oomi Mobiili will operate as a virtual mobile network operator, offering customers the option to purchase a mobile subscription together with their electricity contract. The phased launch is set to begin in autumn 2025, with nationwide availability targeted for early 2026. 
Case published 15.8.2025