Bird & Bird advised Mrec Investment Management Oy on a development project

International law firm Bird & Bird acted as legal advisor for Mrec Investment Management Oy in development project, including a long lease agreement with the tenant, construction contract and alignment with the ASRS delivery. Bird & Bird’s lead advisors were Partner Mikko Rajala and Senior Associate Iina Lahtinen.

Mrec Investment Management Oy, together with its partner Slättö, through its logistics platform Evolv, are developing a modern logistics property of 6,000m² in Tuusula’s attractive Sula industrial area, with easy access to the Helsinki-Vantaa airport and main highways. The new project is guided by ambitious ESG goals from planning to completion. The AutoStore™ automated storage and collection system (ASRS) will be implemented in the property. The project has proceeded to implementation phase.

Elsi Luhtanen, Partner of Mrec Investment Management Oy, comments: “It has been a pleasure to work with Iina Lahtinen and Mikko Rajala in this project. We appreciate their ability to understand the real estate business and sound commercial approach, in addition to providing solid legal advice.

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