M&G European Property Fund’s €148 Million Acquisition of Eleven Housing Companies

White & Case LLP has advised M&G European Property Fund on the deal.

M&G European Property Fund executed its approximately €148 million acquisition of eleven housing companies in Finland, from a joint venture of YIT and Ålandsbanken as well as Ålandsbanken Housing Fund.

The transaction represents M&G’s entry in the Finnish residential market via a transaction through which it acquires a portfolio of compact studios and one-bedroom apartments.

M&G European Property Fund is a fund investing in a diversified portfolio of commercial real estate across Europe.

The White & Case team in Helsinki which advised on the transaction was led by partner Timo Airisto (Picture) and included associates Asta Tukiainen and Samuel Salmivirta.

Involved fees earner: Timo Airisto – White & Case; Samuel Salmivirta – White & Case; Asta Tukiainen – White & Case;

Law Firms: White & Case;

Clients: M&G European Property Fund;