11 04 2016

Ahlström Capital, YIT and HGR agree on unique Helsinki city center construction project

Avance advises the joint project companies of Ahlström Capital, YIT and HGR Property Partners in the investment in and financing of a unique, new office building to be constructed at Kasarmikatu 21 in the Helsinki CBD.


YIT has signed a contract with the joint-stock property company Kiinteistö Oy Kasarmikatu 21 on the demolition of two old office buildings and on the construction of a new office building in the same plot in Helsinki city centre. The joint-stock property company is owned by Ahlström Capital, HGR Property Partners and YIT. YIT is a minority shareholder with a 40% share of the ownership in the project. The old office buildings from 1960’s located in Kasarmikatu 21 will be demolished and a new, high-quality office building for almost 1,000 employees will be built to replace the old buildings. The anchor tenant will be Roschier, Attorneys Ltd. The project begun in February with demolition work and the new office building will be completed in the end of 2017. The property will be constructed according to requirements of the LEED Platinum environmental certificate. The leasable area of the Kasarmikatu’s new, 7-floor office property will be around 16,000 square metres, in addition to which an underground parking facility will be built in connection to the building.  Avance advises Ahlström Capital, YIT and HGR Property Partners in the investment with a team led by partners Christoffer Charpentier and Sari Wallgren (picture) alongside associate Malin Holm. Involved fees earner: Sari Wallgren - Avance; Malin Holm - Avance; Christoffer Charpentier - Avance;

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