HKScan Oyj, a food industry company listed on the Helsinki Stock Exchange and real estate company Sagax Finland whose parent company is listed on the Stockholm Stock Exchange have today signed a sale and leaseback transaction for HKScan's logistics and production property complex in Vantaa, Finland (app. 51.000 sqm).
In connection with the transaction, the parties have signed a 20-year lease agreement for the buildings and approximately 92,000 sqm of land on which the buildings are located.
Newsec acted as advisor to the seller in the arrangement.
HKScan comment: ”We are very pleased with Newsec’s expertise in taking this demanding sale and leaseback arrangement forward and its ability to help resolve the details involved.” Markku Suvanto, Executive Vice President HKScan Oyj.
Sagax comment: ”Newsec’s role in this challenging off-market transaction process was significant. Their approach was professional and solution-oriented.” Jaakko Vehanen, Managing Director Sagax Finland Oy.
Newsec comment: ”Newsec congratulates the parties of the arrangement and believes that the transaction and lease agreement serve the objectives of both parties well. It has been very interesting to be involved in this complex and detailed process with a large number of experts behind its success.” Matti Ahrelma, Senior Director Newsec.