Recent work | October 10, 2019
Roschier represented Pareto Securities in the acquisition of the SOK headquarter in Helsinki
Fleming Properties AB (publ), a newly established company by Pareto, has acquired the SOK headquarter in central Helsinki from Varma Mutual Pension Insurance Company for approximately EUR 130 million, which corresponds to a square metre price of some EUR 3,150. Roschier represented Pareto Securities in the transaction.
The office block is located in Vallila, one of the strongest office locations in Helsinki, adjacent to Nordea, OP, Telia, General Electric, Securitas and Unilever flagship offices and only minutes from Helsinki’s Central Business District. The whole office block, which comprises approximately 41,000 square metres of lettable area and 500 parking spaces, is undergoing an extensive refurbishment with final completion estimated to the first half of 2020.
The acquisition is made through a newly established company, Fleming Properties AB (publ), which will be managed by Pareto Business Management, and is scheduled to be listed on Spotlight Stock Market on 14 October 2019.
Pareto Securities is an independent full service investment bank with a leading position in the Nordic capital markets and a strong international presence within the energy sectors.
The Roschier core advising team in Helsinki and Stockholm consisted of Mika Alanko, Johan Häger, Johannes Ahti, Antti-Jussi Partanen, Frida Lantoft, Adrian Hallström, Heidi Kantola, Kristina van Nues, Anton Eriksson and Martti Ylinen.