Invalidisäätiö sold a residential development property to Lehto Asunnot

Newsec acted as the seller´s commercial advisor in a transaction in which Invalidisäätiösold a property located adjacent to the central park at Tenholantie 12, Helsinki to Lehto Asunnot for residential development.

According to the city plan effective from 2019, the property comprises a total of 10,720 sq. m. of residential building right enabling the construction of three new apartment buildings in place of an existing building constructed in 1974 and the conversion of another existing building constructed in 1943 into new apartments. Invalidisäätiö will occupy the property as a tenant until the end of 2021. Krogerus Attorneys acted as the Seller’s legal advisor.

In December 2020, Newsec acted also as Invalidisäätiö’s commercial advisor in the sale of adjacent hospital and care property at Tenholantie 10. Newsec acted as the seller’s commercial advisor in preparation and execution of the two almost simultaneous sales processes to achieve the best possible commercial outcome for Invalidisäätiö.

Additional information:
Rikumatti Forsberg
Director, Capital Markets, Newsec Advisory Finland
Tel: +358 50 594 1722