16 real estate corporations owned by Bronda Properties B.V. were declared bankrupt by the decision of Helsinki District Court on 11.4.2012. The bankruptcy is one of the largest Finnish bankruptcies of real estate companies in history. The District Court appointed Juho Lenni-Taattola, partner at HPP specializing in insolvency, as administrator representing all 16 bankruptcy estates in accordance with the application of the largest debtor, The Royal Bank of Scotland
The properties in bankruptcy include various valuable properties at the most central locations in Helsinki which were sold in the beginning of 2007 to their present owner, Bronda Properties B.V., declared bankrupt on 10.4.2012. The value of the sale exceeded 300 MEUR.
