Bird & Bird's Finnish team advised HYY Group on its acquisition of the historical Seurahuone building from Sponda, a major property investor held by Blackstone. The Bird & Bird team was led by Managing Partner in Finland, Jaakko Hietala.
Seurahuone building is a cultural heritage site and the oldest building that has been continuously used for hotel business in Helsinki. With this acquisition, the historical block at the heart of Helsinki, Kaivopiha, will be largely restored to its original purpose, as HYY Group expands its hotel business to parts of the New Student House.
A link to HYY Group's press release can be found here.
HYY Group is a corporate group responsible for the real estate and financial investment activities of the Student Union of the University of Helsinki. HYY Group's long-term development projects include the Kaivopiha block, including both the Old and New Student Houses in the heart of Helsinki, Domus Gaudium in Kamppi, student apartments and the Mechelininkatu 3D-HUB.