Roschier assisted a fund managed by LocalTapiola Alternative Investment Funds Ltd in the acquisition of a social infrastructure portfolio
Erikoissijoitusrahasto LähiTapiola Sijoituskiinteistöt, a special investment fund managed by LocalTapiola Alternative Investment Funds Ltd, has acquired a portfolio of three fire station properties located in Espoo from the City of Espoo. Roschier represented Erikoissijoitusrahasto LähiTapiola Sijoituskiinteistöt in the EUR 30,800,000 acquisition and lease-back.
As a part of the transaction, the properties were leased back to the City of Espoo with lease periods of 20 years. The lease agreements will transfer to the Wellbeing Services County of Western Uusimaa as of 1 January 2023, as the organization of rescue services is taken over by the wellbeing service counties as a part of the Finnish healthcare and social services reform.
Erikoissijoitusrahasto LähiTapiola Sijoituskiinteistöt is a special investment fund managed by LocalTapiola Alternative Investment Funds Ltd, an AIFM company belonging to the LocalTapiola Group. LocalTapiola is one of the largest real estate investors in Finland, with approximately EUR 3 billion in real estate assets under management.