Newsec acted as the seller’s advisor in a transaction of an unconstructed plot in Herttoniemi, Helsinki

HOK-Elanto has signed an agreement for the sale of an unconstructed plot located in Herttoniemi, Helsinki. The buyer of the property is a consortium led by Pohjola Rakennus and Elo Mutual Pension Insurance Company. The transaction will be completed later this year.

The property is located in the established residential area of Herttoniemi, near the Herttoniemi metro station and shopping centre Hertsi. The city plan of the plot allows both residential and commercial use.

Newsec acted as the seller’s advisor in the transaction.

“The interest towards the project was strong and proves how residential development is still very attractive, despite the current market situation. The completion of this transaction not only enables future development in Helsinki but also contributes to the creation of a more diverse and vibrant urban structure. On behalf of Newsec, I want to thank HOK-Elanto for their trust, and all parties, for a smooth transaction process”, states Pinja Raitanen, Director & Partner, Newsec Advisory Finland.

For more information, please contact:

Pinja Raitanen
Director & Partner Newsec
+358 40 768 1186