Aleksandra advised Exilion on the closing of the agreements to implement a hotel for the Tripla project in Helsinki, Finland. The value of the project is approximately EUR 88 million.
Aleksandra advised Capman RE II Ky on its disposal of major shopping centre Skanssi, located in Turku, Finland, to a fund managed by CBRE Global Investors. Skanssi shopping centre has a LEED Platinum rating and contains a wide range of stores specialising in fashion, home décor and leisure, as well as several services, including citizen service, restaurants, a bank and a hypermarket. Shopping centre Skanssi has a lettable area of approximately 37,230 square metres
Aleksandra advised Exilion on the signing of the final agreements on the implementation of the hotel for the Tripla project in Helsinki, Finland. The hotel will be operated by Sokotel Oy under a long-term lease, and the investor will be a limited partnership managed by Exilion with Elo Pension Company, The State Pension Fund of Finland and Veritas Pension Insurance as limited partners.
Aleksandra advised Capman Real Estate I Ky on its disposal of shopping centre Entresse located in Espoo Centre, Finland, to a fund managed by Barings Real Estate Advisers. The shopping mall offers a lettable area of approximately 10,000 square metres across 40 units, as well as a heated garage providing space for 300 cars.
Aleksandra advised Skanska on its disposal of the office property Aviabulevardi located in Vantaa, Finland, to Niam. The total value of the contract is EUR 36 million. The leasable office area is 9,000 square metres. The property was designed to meet the requirements of the latest version of the LEED environmental certificate.
Aleksandra advised special investment fund UB Nordic Property on its acquisition of an office property.
Aleksandra advised Genesta’s fund GNBRE (Genesta Nordic Baltic Real Estate Fund I) on its disposal of the shopping centre Liila located in Suomenoja, Espoo, Finland, to Special Investment Fund eQ Finnish Real Estate. Liila is a major shopping centre focused on home and interior design. The shopping centre is approximately 23,600 square metres and includes tenants Lidl, Power, Toys R Us and Vepsäläinen.
Aleksandra advised GNBRE Fund I, a Luxembourgian fund managed by Genesta, on its divestment of a major office property in Helsinki, Finland (Atomitie 5) to a Swedish fund managed by Areim. The property has a lettable area of over 26,000 square metres.
Aleksandra has advised Sirius Fund II in multiple acquisitions of retail properties. With these acquisitions, the Sirius Fund II is now fully invested. Over the past few years, the Sirius Fund II has assembled, together with its predecessor fund Sirius Fund I, a daily-goods portfolio with a total value of approximately EUR 800 million. We have advised Sirius on approximately four-fifths of all such acquisitions.
Aleksandra advised Luxembourgian Sirius Fund II on its acquisition of a retail and office property located at Mannerheimintie 160, in Helsinki, Finland, from an affiliate of European Property Investors Special Opportunities 4 (EPISO 4), an opportunistic fund advised by pan-European real estate investment manager Tristan Capital Partners.
Aleksandra advised Luxembourgian Sirius Fund II on its acquisition of six retail properties from Trevian Retail Fund I and Trevian Retail II. The properties are located in the Helsinki metropolitan area, as well in other fast growing urban areas in Finland. The properties are currently leased to the retail stores of the S Group and Kesko Corporation, Finland’s two largest grocery trade companies.
Aleksandra advised GNRE Fund II, a Luxembourgian fund managed by Genesta, on its acquisition of the landmark office property Hämeentie 11 (Sörnäinen) located in Helsinki, Finland. The seller was a fund managed by J.P. Morgan Asset Management. The building was the previous headquarters of Helsingin Osuuskauppa Elanto.
Aleksandra advised special investment fund UB Nordic Property on its investment in a traffic station development project by way of a forward funding transaction. The constructor of the development project is NCC, and the occupiers of the property are Neste Corporation and an affiliate of Kesko Corporation.
Aleksandra advised Luxembourgian Sirius Fund II on its acquisition of two retail properties. The properties are fully let to an affiliate of Kesko Corporation.
Aleksandra advised special investment fund Fennica Toimitilat I on its acquisition of the Quartetto Basso office property located in Leppävaara, Espoo, from the Finnish Cultural Foundation.
Aleksandra is representing Exilion in the Tripla hotel project. Exilion has signed a letter of intent with YIT Corporation on the execution of the hotel for the Tripla project in Helsinki, Finland. The hotel will be constructed by YIT Corporation and will have an area of approximately 17,800 square metres and approximately 430 rooms. The hotel will be one of Finland’s largest in terms of capacity. It is expected to be completed during the beginning of 2020.
Aleksandra advised Luxembourgian Sirius Fund II on its acquisition of a grocery store from pension fund Verso. The property is let to an affiliate of Kesko Corporation.
Aleksandra advised Luxembourgian Sirius Fund II on its acquisition of a retail centre located in Iisalmi, Finland. The property is fully let to an affiliate of Kesko Corporation.
Aleksandra advised special investment fund UB Nordic Property on its acquisition of the Galleria shopping centre, located in Espoo, Finland. The Galleria’s anchor tenant is an affiliate of publicly listed Kesko Corporation.
The transaction was UB Nordic Property’s first investment in Finland. The fund commenced its investment activities in the spring of 2016 and has since made several investments in targets in Denmark, Finland, Norway and Sweden.