7.7.2021

YIT – Sale of the Bulevardikortteli Office Block in Järvenpää

We advised YIT, the largest Finnish construction company, in the sale of Bulevardikortteli office block in Järvenpää to German real estate investment company Quadoro. The construction of Bulevardikortteli began in the spring of 2021 and will be completed in phases. The entire block is estimated to be completed in 2025.

The Bulevardikortteli block is a priority project in Järvenpää that will include apartments, office space and commercial premises.

Latest references

We advised OP-Public Services Real Estate Fund in the sale of a portfolio of six care properties to Aedifica group, a Belgian real estate company specialised in European healthcare real estate, particularly in elderly care. The care properties in this portfolio are located across Finland in Helsinki, Tampere, Kuopio, Tuusula and Kirkkonummi. The portfolio has a total capacity for 233 residents. Aedifica group acquired 100% of the shares of the six real estate companies that own the properties. The total value of the transaction is approximately EUR 37.5 million.
Case published 26.6.2025
We are assisting eQ Commercial Properties Fund in the sale of a fully let property to Logistea AB (publ), with an underlying property value of EUR 25 million. The property is transferred through the sale of the shares in the property-owning company Kiinteistö Oy Hämeenlinnan Länsiportintie 15. Logistea is a Swedish real estate company focusing on warehousing, logistic and light industrial properties, and its shares are listed on Nasdaq Stockholm. The property was built in 2012, and it is located in Hämeenlinna. The property has a total lettable area of approximately 21,700 square meters and the entire property is leased by Faerch Finland Oy, a fully owned subsidiary to Faerch A/S which is a leading provider of sustainable, circular food packaging solutions.
Case published 5.6.2025
We advised Pihlajalinna Plc on an arrangement whereby Pihlajalinna Terveys Oy and Ikipihlaja Setälänpiha Oy sold their special housing services business to Esperi Care Oy.  The transaction involved three Pihlajalinna Uniikki units in Hämeenlinna, Lohja and Riihimäki as well as Ikipihlaja Oiva in Raisio. As a result of the arrangement, more than 100 employees transferred to Esperi. Pihlajalinna is one of Finland’s leading private providers of social and healthcare services, offering a wide range of services to both private and public sector clients. Pihlajalinna has more than 160 locations across Finland.
Case published 2.6.2025
We assisted eQ Community Properties Fund in the sale of two healthcare properties to a fund managed by Northern Horizon. The properties have a total floor area of approximately 3,500 square meters. The two properties are located in Espoo and Lahti. The Espoo asset was completed in 2018 and the Lahti asset was completed in 2023. Both assets are operated by Attendo, the leading care provider in the Nordic region.
Case published 9.5.2025