Krogerus advises Sponda on the sale of a major commercial property portfolio to Antilooppi

Property investment company Sponda Plc has signed an agreement to sell nine commercial properties in Ruoholahti, Helsinki, to property investment company Antilooppi. The total leasable area of the properties exceeds 100,000 square metres, with parking facilities of approximately 1,650 spaces. Since the early 2000s, Sponda has contributed to the development of Ruoholahti into one of the most significant business districts in the Helsinki Metropolitan Area. Sustainability has been at the forefront of Sponda’s development activities, with several investments made to improve energy efficiency during this period.

The completion of the sale requires approval by the Finnish Competition and Consumer Authority, which is expected in spring 2020.

Partner Marcus Möller led the Krogerus team and he was primarily assisted by senior associate Kalle Hakkarainen and associate Essi Niitynpää. Partner Leena Lindberg, primarily assisted by associates Minna Siekkinen and Laura Anttinen, advised on competition law matters.