JLL advised WasaGroup on the sale of Neulamäki Rescue Station Property and in debt financing arrangement for the construction project
WasaGroup Oy has signed a binding deed of sale regarding the sale of the Neulamäki rescue station in Kuopio. The ownership of the property will be transferred to Nordisk Renting, which specialises in Nordic renting solutions, in spring 2024 when the North Savo Rescue Department will transfer the operations of Kuopio's main rescue station to a new property.
Timo Pahkala, Managing Director, WasaGroup Oy: ” This is a significant transaction for WasaGroup and an opening for new investor cooperation. We are very pleased that we found a reputable and well-established partner for the project, who already owns a fire station in Kuopio and is thus a familiar landlord for the tenant. WasaGroup's strategy is to carry out real estate projects for different investor partners. In addition, we place emphasis on local community development; this site is also built by local contractors.”
Jari Tirkkonen, Director, JLL Finland: “We are very pleased to have been able to successfully act as WasaGroup’s commercial advisor in the sale of this important rescue station property in the North Savo region. A modern public property with long-term lease contract turned out to be an attractive investment even during the more uncertain market environment.”
Eemeli Lehto, Head of Debt Advisory, JLL Finland: “The successful sales transaction combined with the debt financing transaction for the development project is an indication of how JLL is able to offer its customers comprehensive solutions in different situations.”
JLL Capital Markets acted as WasaGroup’s sole commercial advisor in the transaction and JLL Debt and Financial Advisory advised WasaGroup in debt financing arrangement for a construction project. HPP Attorneys acted as WasaGroup’s legal advisor.
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