Finland — Skanska has signed a contract with Citycon Oyj, a leading owner, manager and developer of urban shopping centres in the Nordic and Baltic region, to construct the Lippulaiva shopping center in Espoo, Finland. The contract is worth about EUR 170 M, about SEK 1.8 billion.

Finland — Espoo Property developer Regenero and Insurance company If Vahinkovakuutus Oyj have signed a 8,800 sqm long-term office lease agreement in the Keilaniemi district in Espoo.

Finland — Ilmarinen Mutual Pension Insurance Company has sold an office property in the Leppävaara district in Espoo to Elite Finland Value Added Fund II Ky.

Finland — NCC has signed a long-term lease for approximately 10,000 square meters with the company Trimble Solutions Corporation in a new office project at Hatsina in Espoo, Finland. NCC has also signed an agreement with pension insurance company Varma to sell the project when completed.

Finland — Elite Finland Value Added Fund II Ky has bought an office property from Fortum Power and Heat Oy.

Finland — Hemfosa has acquired an office portfolio, with a majority of community services sector tenants, at an underlying property value of approximately MSEK 465 (MEUR 46).

Finland — JM is acquiring a centrally located school property in Leppävaara, Espoo, in the Greater Helsinki area. The property’s detailed plan has gained final approval for 850 apartments.

Finland — Skanska has signed a contract with Länsimetro Oy to build a metro station in Kivenlahti. The contract is worth EUR 51 M.

Finland — A consortium formed by YIT, Are and Länsimetro Oy have signed an agreement on the construction of the Soukka station on the West Metro line in Espoo. The value of the contract is approximately EUR 50M, whereof YIT’s share is approximately EUR 35M.

Finland — YIT has entered into an agreement with the City of Espoo, on the construction of the Karhusuo school centre’s phases 2 and 3.

Finland — YIT and Helsinki Region Environmental Services, HSY, have signed an agreement on the construction of a new underground wastewater treatment plant in Blominmäki, Espoo. The project will be carried out as a project management contract and its value is approximately EUR 206M.  

Finland — Regenero, a joint venture formed by YIT and HGR Property Partners, has signed an agreement with the City of Espoo to lease premises in the Tietotie 6 office property in Otaniemi, Espoo.

Finland — Sato sells all the shares in Sato Hotelhome Ltd to Majoituspalvelu Forenom Oy. There are a total of 195 furnished Sato Hotelhome apartments, with most of these in central locations in Helsinki's Kamppi and Kruununhaka districts and in Tapiola, Espoo.

Finland — Regenero, a joint venture formed by YIT and HGR Property Partners, has signed an agreement with Accountor Holding Oy to lease office spaces in the high-rise building in Keilaniemi, Espoo, to be renovated.

Finland — Genesta acquires the 66,680 square meter large logistics property Juvan Teollisuuskatu 25, Espoo, on the behalf of its fund GNRE Fund II. The seller is a fund managed by J.P. Morgan Asset Management.

Finland — Peab and Kojamo Group’s Lumo Kodit are building 135 Lumo rental apartments in Espoo. The property is located at Uuno Kailaan katu 5 in Leppävaara.

Finland — The acquisition is being carried out under the framework agreement signed with YIT in June 2016. The purchase price amounts to approximately EUR 13M.

Finland — YIT starts self-developed apartment building projects with the value of approximately EUR 45M in total. Three out of four projects are located in Finland.

Finland — Sato has bought residential properties from Veritas Pension Insurance located in Espoo, Vantaa and Turku.

Finland — Bonava is selling 119 rental apartments in Perrkka, Espoo, to the investor OP-Rental Yield.