HPP advised Taaleri Vuokrakoti Ky on the acquisition of two rental properties to be built in Herttuankulma in Turku. Pohjola Rakennus Oy Suomi as the seller and Taaleri Vuokrakoti Ky as the purchaser signed on 29 September 2022 share sale and purchase agreements on purchase of the entire share capital of housing companies named Asunto Oy Turun Ritari and Asunto Oy Turun Vouti. The seller intends to build in total 116 affordable rental apartments of energy class A in the targets the construction works of which commence immediately and which are expected to be completed by the end of 2023.
Both newbuilds will be built in a new Herttuankulma area located near the port of Turku a few kilometres from the city centre. The growing and developing area has functional transport connections and comprehensive, constantly developing local services.
HPP acted as the legal advisor to the purchaser in the project.