D&I Real Estate Update

Notwithstanding a relatively low number of Finnish real estate deals in 2023, we are delighted to let you know that we have strengthened our Real Estate, Construction & Environment practice by way of adding the talented Johanna Rämö to our team. Johanna is a real estate lawyer focused on real estate transactions, demanding lease arrangements, construction and other real estate related assignments. She has previously worked with leading Finnish housing and infrastructure service companies and complements our capacity to advise demanding corporate clients operating in the real estate and construction space. Johanna is also one of the speakers for our upcoming webinar on 7 November, which will discuss the impacts of insolvency on construction contracts.

Our latest real estate work relates to acquiring assets in the social infrastructure and logistics space, which continue to attract investor interest despite current market conditions. Drawing from our past experience on one of the largest Finnish social infrastructure transactions completed so far, we have written an article on the topic in collaboration with Director Erkki Hakala from Catella Corporate Finance.

We hope that you enjoy our webinar and article, all of which can be accessed through this newsletter. We will also be attending the Finnish Real Estate Summit (Kiinteistöalan Vuosiseminaari) organised in Tampere, Finland on 9 to 10 November – hope to see you there!

	Practical Insights from Finnish Social Infrastructure Transactions Social infrastructure assets continue to draw a considerable amount of attention from real estate investors. Dittmar & Indrenius’ Counsel Antti Aaltonen, Senior Attorney Tuomas Tiensuu and Director Erkki Hakala from Catella Corporate Finance provide us insights from Finnish social infrastructure transactions.
	In-depth Advice in Large-scale Real Estate Transactions and Lease Arrangements D&I Real Estate service area is known for providing in-depth advice in large-scale real estate transactions, often with cross-border elements covering large real estate portfolios. We also advise international and regional clients in their forest investments in Finland.

Selected deals

	Acquisition of social and healthcare service facilities portfolio We advised the Nordic infrastructure investor Infranode in the acquisition of 100% interest in 13 social and healthcare service facilities and their respective plots from the City of Jyväskylä in Central Finland.
	Acquisition of a logistics property in Turku We advised HANSA Europe Logistic Fund (managed by HANSAINVEST Real Assets GmbH) in its acquisition of a modern logistics and warehouse property located in the Port of Turku from private investors.
	Acquisition of a portfolio of ten healthcare properties in Finland We advised Aedifica and Hoivatilat Oyj in the acquisition of a portfolio of ten healthcare properties in Finland from Ilmarinen mutual pension insurance company to a total value of approximately EUR 82 million.