Sirius’ €170 Million Acquisition of 13 Residential Buildings in Finland

Castrén & Snellman advised OP Corporate Bank plc.

OP Corporate Bank plc signed a real estate finance arrangement in which a newly-established affiliate of Sirius Capital Partners, a Finnish real estate investment manager, acquired a portfolio of 13 residential buildings, comprising more than 700 apartments in Finland The seller is YIT, the largest construction company in Finland.

The assets are acquired pre-construction at a pre-determined price and will be completed in 2022 and 2023. The total purchase price is approximately EUR 170 million.

The Castrén & Snellman team included Sakari Lukinmaa (Picture), Minna Korhonen, Elias Tuomainen and Topi Leinonen.

Involved fees earner: Minna Korhonen – Castrén & Snellman; Topi Leinonen – Castrén & Snellman; Sakari Lukinmaa – Castrén & Snellman; Elias Tuomainen – Castrén & Snellman;

Law Firms: Castrén & Snellman;

Clients: OP Corporate Bank plc;

Author: Federica Tiefenthaler