Advium advised LocalTapiola Group when LocalTapiola General Mutual Insurance Company and LocalTapiola Mutual Life Insurance Company sold 100% of the shares in a jointly owned limited liability housing company As Oy Helsingin Vanhalinna to Nordea Life Assurance Finland Ltd.

The property is located at the crossroads of Ring Road I and Eastern Highway in the address Vanhanlinnantie 3. A Prisma hypermarket and Itis, the #1 shopping centre in Finland, are located next to the property ensuring excellent services to the tenants.   

The lettable area of the property is approx. 21,000 sqm consisting of over 300 high-quality rental apartments, business premises as well as a Mehiläinen health centre and Esperi Care nursing home with long leases. The property was built in 2011-12 by SRV.

The transaction is one of the largest residential single asset transactions ever in Finland.