Borenius advised Nordea and the Nordic Investment Bank on the EUR 65 million financing for the Lyyra green building complex

We advised Nordea Bank Abp and the Nordic Investment Bank on their EUR 65 million co-financing provided to Helsingin Lyyra Ky for the construction of the Lyyra building complex in Hakaniemi, Helsinki. The building complex will consist of two buildings with a total of 18,400 square metres of leasable area, including office, hotel, retail, housing and parking facilities, as well as a direct access to the Hakaniemi metro station. The construction work is scheduled to be completed in 2023, after which the Lyyra building complex aims to achieve the LEED Platinum green building certification.

The limited partnership Helsingin Lyyra Ky set up for the construction project is a joint venture of Ylva, the asset manager of the Student Union of the University of Helsinki (55%), and Varma Mutual Pension Insurance Company (45%).