Upon the appointment of the District Court of Helsinki, HPP’s Juho Lenni-Taattola administered the bankruptcy estate of Hotelli Helena Oy, the assets of which consisted of leasehold real estate in Central Helsinki and a historical building located on the real estate. The debtor was declared bankrupt before fundamental improvement to the building was finished. HPP successfully concluded the sale fo the assets to the benefit of creditors.
The appointment included, inter alia, administering the sales process and negotiating and selling the leasehold and the building to a selected investor which is planning on converting the building into office use. The project included various consultations and negotiations with local city authorities regarding planning and conservation issues in order to achieve the best result for creditors.
The value of the transaction was considerable but is non-disclosable.
Partner Juho-Lenni Taattola acted as the administrator of the bankruptcy estate of Hotelli Helena Oy and he was supported by partner Jari Tuomala, associate Klaus Majamäki and associate Yanhuan Zhou.