The new Building Act entered into force in Finland at the beginning of 2025. On 17 December 2024, Parliament also approved the amendments to the Act.
3.1.2025
Finland’s new Building Act entered into force at the beginning of 2025
Antti Kaakkola, Marius af Schultén, Elina Marttala, Jessica Salmia & Sonja Leinonen
Related services
With the new law:
- The existing action and building permits will be combined into a single building permit. The purpose of this unified permit system is to streamline the permit process.
- Climate change mitigation will become part of construction legislation: a climate report will be required for a large proportion of new buildings. The carbon footprint of these new buildings must not exceed the thresholds set for each use category.
- A new siting permit for clean energy transition projects will be introduced. This separate siting permit allows bypassing land use planning in industrial clean energy transition projects.
Read more about the changes to the new law in our blog series:
Latest insights
Article published 30.10.2024 – Environment, Energy & Green Transition
New siting permit for clean energy transition projects proposed for inclusion in the Building Act
Article published 28.8.2024 – Real Estate Investments & Transactions
Building Act brings new climate requirements for construction
Article published 31.5.2024 – International Construction & Projects
Functional electricity infrastructure is the key to attracting investments to Finland
Article published 27.5.2024 – Real Estate Investments & Transactions
Three key questions about installing the charging points required by the Charging Points Act
Marius af Schultén & Jessica Salmia
Antti Kaakkola, Sonja Leinonen & Jessica Salmia
Samuli Tarkiainen, Antti Kaakkola & Jerker Pitkänen
Elina Marttala
Latest references
CapMan Real Estate – Acquisition of a High-Quality Residential Asset
We advised CapMan Real Estate in the acquisition and financing of a high-quality residential asset located in Katajanokka, Helsinki. The asset was acquired from the Finnish Seamen’s Service Bureau (MEPA). The property consisting of 38 modern rental apartments with a parking garage was completed in 2017. The building features high-quality construction, modern floorplans, and well-designed communal areas including a gym and rooftop sauna premises, and blends with the area’s historic maritime character. The residential asset is located in the prestigious Katajanokka seaside district of central Helsinki, known for its architectural heritage and proximity to the city centre. The property has a high ESG profile which will be further improved by CapMan Real Estate.
Case published 6.11.2025
Prisma Properties – Acquisition of a retail property
We advised Prisma Properties in a real estate transaction in which the company acquired a retail property in Helsinki from Hartela. The acquired property was built specifically for the discount retailer Jula. Completed in October 2025, the property is modern and very energy-efficient, and it is fully leased to Jula under a 10-year lease agreement. The property located in the Konala district, adjacent to the busy Ristikko shopping centre, spans 2,600 square metres. Prisma Properties is a fast-growing developer and long-term owner of modern properties for discount retail, grocery retail, and quick-service restaurants. The company operates across the Nordics and manages a property portfolio valued at approximately EUR 650 million, primarily consisting of newly developed properties with long lease agreements.
Case published 29.10.2025
DNB Bank ASA – Lease and development of premises
We advised DNB Bank ASA in its agreement with Fennia Mutual Insurance Company on the development and lease of the premises at Fabianinkatu 8, Helsinki. With the lease agreement, DNB Bank ASA will focus all its Finnish operations at the Fabian 8 office. The other tenants at the renewed premises will be DNB Carnegie Investment Bank AB’s Finnish operations and DNB Auto Finance Oy. In connection with the long-term lease agreement, the parties also agreed on a major renovation project to completely refurbish the premises. The object of lease will be completed in the second half of 2027.
Case published 10.10.2025
OP-Public Services Real Estate Fund – Sale of six care properties
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