LähiTapiola Sijoituskiinteistöt’s Acquisition of Industrial Property From OP Life Assurance Company Ltd

Castrén & Snellman advised Erikoissijoitusrahasto LähiTapiola Sijoituskiinteistöt non-UCITS fund. Hannes Snellman acted as counsel to OP-Henkivakuutus.

LähiTapiola Sijoituskiinteistöt non-UCITS fund announced the acquisition of industrial property from OP Life Assurance Company Ltd.

The property located in Tampere is fully leased to Sanoma Manu Oy, a subsidiary of Sanoma Corporation. The property is a modern LEED-certified printing house completed in 2012, with approximately 14,700 m2 of leasable area.

This industrial property will be the fund’s second largest property. The property is a good fit for the fund’s investment strategy and further diversifies both the fund’s real estate asset class distribution and its geographical distribution.

The Castrén & Snellman team included Antti Kaakkola (Picture), Tanja Tuominen, Elina Marttala and Minna Korhonen.

The Hannes Snellman team comprised Matti Lajunen, Tuuli Pikkarainen, Paavo Romakkaniemi, and Nora Mansikka.

Involved fees earner: Antti Kaakkola – Castrén & Snellman; Minna Korhonen – Castrén & Snellman; Elina Marttala – Castrén & Snellman; Tanja Tuominen – Castrén & Snellman; Matti Lajunen – Hannes Snellman; Tuuli Pikkarainen – Hannes Snellman; Paavo Romakkaniemi – Hannes Snellman;

Law Firms: Castrén & Snellman; Hannes Snellman;

Clients: LähiTapiola; OP Financial Group – OP Life Assurance Company Ltd ;

Federica Tiefenthaler

Author: Federica Tiefenthaler