Recent work | November 18, 2021

Roschier acted for Altaal and Carnegie in the acquisition of an office property in north-western Helsinki

Investment firm Altaal has, through its investment company Green Yield, acquired an office property in Helsinki under its brown-to-green impact investment strategy. The property, located in Pitäjänmäki in north-western Helsinki, was acquired from Niam, one of Europe’s largest real estate fund managers. Roschier represented Altaal and Carnegie in the transaction.

The office building consists of 18,500 square metres spanning across seven floors with a unique glass hall in the heart of the building. It is to be transformed into a green hybrid office building set out to meet the standards of tomorrow. The property is strategically located next to major arterial roads and is easily accessed by public transportation.

With a portfolio now comprising approximately 50,000 square metres, Altaal wants to play an integral role in the transformation of our built environment into a more sustainable and social setting. The firm expects to be a net buyer of quality office properties in and around Helsinki for many years to come.

Altaal was founded by Henrik Schmidt and Stefan Gattberg with the Penser family as an external investor. The ambition is to run an impact investment firm that combines high activity and professionalism with a long-term approach to value creation. Altaal acts as lead investor and manager of the buyer and Carnegie acts as sole financial advisor and bookrunner in the transaction.

Roschier’s cross-border advisory team comprised Johan Häger, Frida Lantoft and Filip Lundin in Sweden and Antti-Jussi Partanen, Tuure Leponiemi, Mikko Saarve, Liisa Alahuhta, Mattias Brännkärr, Julius Torvelainen and Roope Vikström in Finland.