Press Release
Press Release

White & Case Advises Blackstone on US$4 Billion Nordic Real Estate Acquisition

Global law firm White & Case LLP has advised Blackstone, the global private equity group, on its €3.8 billion (US$4 billion) recommended public tender offer for Sponda, a Helsinki-based real estate investment company specializing in office and retail properties in Finland's largest cities.  Pending regulatory approvals, the transaction is expected to close in July 2017.

"We have advised Blackstone on a landmark deal as it expands its real estate business in the Nordic region," said Helsinki-based White & Case partner Timo Airisto, who led the Firm's deal team. "It is a major investment in Finland and reflects current interest among international investors.

"It is also the latest in a sequence of transactions on which White & Case has advised real estate investment funds, for which our geographic coverage, cross-border capabilities, deep sector knowledge and ability to execute against tight deadlines make us a first choice legal advisor."

The White & Case team in Helsinki which advised on the transaction was led by partner Timo Airisto and included partner Petri Avikainen and associates Heidi Hietanen, Alli Soralahti, Heidi Blomqvist, Sarianna Järviö and Krista Rekola.

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