HPP advised Posti Group Corporation in a sale and lease back transaction, in which Posti Group sold properties to a Norwegian real estate investor Ness, Risan & Partners. The value of the transaction was approximately 120 million euros and as such is the biggest logistics real estate transaction ever in Finland. The transaction included three postal sorting centers, one warehouse and one freight terminal to be constructed and leased back by the end year 2016.
Posti Group continues its operations on the aforementioned properties based on long term lease agreements.
HPP team was led by partner Jari Tuomala, who was assisted by senior associate Antti Rikala and associate Pauliina Lievonen.