“YIT is a pioneer in the construction sector. It creates sustainable urban environments by building homes, business premises, infrastructure and entire areas, leaning on more than 100 years of experience. Lexia’s legal expertise and customer-oriented service attitude helped us to finalise a transaction worth EUR 75 million with Hemsö Fastighets AB. Lexia has been straightforward to work with, and we have been satisfied with our collaboration.”
Hedi Grass, Transaction Specialist, YIT Construction Ltd
YIT sold a hybrid care project to the Northern Horizon health care property investment fund – We acted as YIT’s adviser on the transaction
YIT signed an agreement with a health care property investment fund managed by Northern Horizon to realise a hybrid care project named Komiakulma in Seinäjoki. The project was worth approximately EUR 13 million. Construction began in December and will be complete in spring 2018.
We assisted YIT in planning the structure of the transaction, and we acted as an adviser in the negotiations.
Hybrid care is a residential solution that is particularly suitable for elderly people. It involves building sheltered or rental housing – or a combination of these modes – in connection with serviced housing.
YIT made a framework agreement worth EUR 75 million for the construction of care projects in Finland – Lexia acted as YIT’s advisor on the transaction.
YIT has signed a framework agreement with Swedish property investment company Hemsö Fastighets AB on the construction of nine care projects in Finland. If the sites included in the framework agreement are all realised, the total value will be approximately EUR 75 million. The sites are care homes, nursery schools, and sheltered and rental housing for elderly people.
We assisted YIT in planning the structure of the transaction, negotiating and making contracts.
YIT is responsible for developing, designing and building the projects. The intention is to start work on the sites by the end of 2017.