Union Investment’s €100 Million Acquisition of Tower Building in Finland

Merilampi represented Skanska in the transaction.

The Nordic construction and project development company Skanska announced the sale of a tower building to Union Investment. The value of the transaction was approximately EUR 100 million.

The target is a 33-storey residental tower to be built to Vuosaari, Helsinki, which is the highest tower building Skanska has ever built in Finland. The building has approximately 16,000 sqm of lettable area and it consists of 288 high-end rental apartments and three retail units. The estimated completion of the project is in late fall 2024.

The Merilampi team included Jani Ylä-Autio (Picture), William Sjöberg, Niko Kolsi and Emilia Asikainen.

Involved fees earner: Emilia Asikainen – Merilampi Attorneys Ltd.; Niko Kolsi – Merilampi Attorneys Ltd.; William Sjöberg – Merilampi Attorneys Ltd.; Jani Ylä-Autio – Merilampi Attorneys Ltd.;

Law Firms: Merilampi Attorneys Ltd.;

Clients: Skanska;

Author: Federica Tiefenthaler