Skanska’s €74 Million Development Project With Union Investment Real Estate Gmbh

Merilampi represented Skanska in the development project.

Skanska has signed a contract with Union Investment Real Estate Gmbh, UniImmo Deutschland fund to build rental apartments in Helsinki, Finland.

The deal value is EUR 74 million and the construction is scheduled to commence in March 2021. The building is expected to be ready in the summer of 2023.

The 24-storey building encompasses 216 rental apartments, totaling approximately 11,900 square meters. The building will represent the highest energy efficiency class and include rooftop solar panels that will help generate some of the electricity used by the property. In addition, a wastewater heat recovery system will be installed.

The construction is scheduled to begin in March 2021. The building will be ready by the second quarter of 2023.

Skanska is one of the leading construction- and project development companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska had sales of about SEK 66 billion and about 14,800 employees in its Nordic operations during 2020.

The Merilampi team included Jani Ylä-Autio (Picture), Emma Niemistö, William Sjöberg and Hilma Parvela.

Involved fees earner: Emma Niemistö – Merilampi Attorneys Ltd.; Hilma Parvela – Merilampi Attorneys Ltd.; William Sjöberg – Merilampi Attorneys Ltd.; Jani Ylä-Autio – Merilampi Attorneys Ltd.;

Law Firms: Merilampi Attorneys Ltd.;

Clients: Skanska;

Author: Federica Tiefenthaler