HPP assisted Elite Finland Value Added Fund II Ky in an acquisition of the shares of three real estate companies from Fennia insurance group for a total purchase price of approximately MEUR 11.
The target properties of the transaction are used for warehouse, small industry and commercial purposes. The properties are located in Helsinki and Jyväskylä.
The fund is a part of EAB group which manages for its customers assets worth over 3 billion euros. The parent company of the group EAB Group Oyj is listed on the Nasdaq Helsinki stock exchange.
HPP acted as the legal advisor of the buyer in the transaction.