DLA Piper has advised Senate Properties on the sale of office and laboratory buildings occupied by the Finnish Institute of Occupational Health in Topeliuksenkatu, Helsinki. The purchasers are investment fund, OP Vuokratuotto,  and real estate fund, Finland III Ky, who will own joint shares in the properties. The purchase price is 39.1 MEUR.

The transaction is subject to the approval of the Finnish Parliament. Senate Properties is a government owned enterprise under the aegis of the Finnish Ministry of Finance, which acts as the government’s advisor on working environment and working premises issues.

The DLA Piper team was led from Helsinki by Real Estate partner Antti Niemi and included Corporate counsel Valtteri Vimpari and associate Josefin Strömberg.