Property Development

Property Development

Property development projects often involve numerous legal aspects. By handling them right, you can ensure the success of your project.

Whether you are working on complex development projects or smaller real estate projects, you can always rely on us. Our services include:

  • Project structuring
  • Project coordination
  • Project companies and joint ventures
  • Investment, financing, project and management agreements
  • Land use and acquisition agreements
  • Service agreements and leases
  • Other project agreements
  • Project tax planning

Our real estate development experience has developed over many years, and we are thoroughly versed in the challenges our clients face in their projects. By bringing us on board, you will get a team that will actively support the success of your project, is able to find new solutions to the situations you encounter and, above all, takes a practical approach to projects.

Depending on your needs, our experts will provide you with concrete advice in individual questions or with a team to support you in more extensive projects. As Finland’s largest real estate law practice, we can adapt to work in the way that best supports the success of your real estate development projects.

Chambers Europe and Legal 500 rank our real estate services among Finland’s best.

Latest references

We acted as counsel to NREP in an arrangement in which NREP entered into a frame agreement with Lehto Asunnot Oy on the construction of approximately 300 rental apartments out of wood in the cities of Espoo and Turku. The projects are notable as examples of sustainable construction. The properties will use ecological geothermal heating as their energy solution in order to reduce climate impact during operational period. The carbon footprint of wooden apartment buildings is smaller than normal, and is further balanced by the carbon that is stored in the wood structures over the long term. The buildings are estimated to be completed in 2021–2023.
Case published 14.10.2020
We advised NREP in a residential construction project in which NREP, acting on behalf of one of its real estate funds, and Lehto Asunnot Oy agreed on the construction of 108 apartments and three commercial spaces in the Kalasatama district of Helsinki. The residential project comprises twelve- and five-storey buildings, which are part of a five-building block including also three other residential buildings and a shared parking facility. The site is estimated to be completed by the end of 2021.
Case published 8.5.2020
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.
Case published 18.2.2019
We are advising YIT in the Garden Helsinki project. Garden Helsinki is a real estate development project to be realised in a central location close to the heart of the Finnish capital. The plans for the Garden include a modern event arena that meets the highest international standards, together with a comprehensive range of related services and everyday services for use by local residents. Garden Helsinki represents a 2020s property concept that will take advantage of state-of-the-art technology and service design to provide its daily users with service experiences that brighten up their daily lives while also functioning as an attractive setting for world-class events. Garden Helsinki is one of Finland’s largest urban development projects. The new block will combine housing, entertainment and sports facilities and create nearly a thousand new permanent jobs in Helsinki. Read more at www.gardenhelsinki.fi
Case published 4.12.2018