Waselius advised Public Property Invest ASA (PPI), a Norwegian stock listed owner, operator and developer of social infrastructure properties, on its recent acquisition of a life science property under development in the Otaniemi university campus area in Espoo. The developer of the property is HGR Property Partners Oy. The transaction, which closed on April 30, 2025, marks a significant milestone in PPI’s growth in Finland.
The property, set to be completed by the end of 2026, will feature modern standards and high ESG targets, including A-level energy class, LEED Platinum, and WELL Platinum certifications. The total lettable area will be approximately 15,700 sqm, fully pre-let to Relex Solutions and HOK-Elanto on long-term lease agreements. The total investment upon completion will be approximately EUR 79 million.
Waselius’ team provided comprehensive legal advice throughout the project to support PPI in their strategic and long-term real estate investments, contributing to the development of critical infrastructure in Finland.