YIT has signed a framework agreement with the Sweden-based property investor Hemsö Fastighets AB to build nine care facilities in Finland. If the projects within the framework agreement are implemented, their total value will be about EUR 75 million. The facilities to be built include care homes, day-care centers and service and rental housing for the ageing customer segment.
We assisted YIT in planning the structure of the deal, in the negotiations, and in drafting the agreements. The Lexia team was headed by Partner Samuli Koskela and Senior Associate Olli Kotila.
YIT is responsible for the development, design and construction of the projects. The aim is to start the projects by the end of 2017.