Borenius advised Technopolis in EUR 125 million joint venture

We advised Technopolis in a EUR 125 million joint venture transaction with Osuuskunta KPY, in which the Kuopio business of Technopolis consisting of approx. 67,000 m² of modern office premises in Kuopio, Finland, was transferred to the ownership of Technopolis Kuopio Oy, which is owned by Technopolis and KPY on a 60/40 basis. The deal includes a management agreement that will keep the Technopolis team and its brand in control of the Kuopio campuses for the next 10 years.

Technopolis provides the best addresses for companies to operate and succeed in five countries in the Nordic-Baltic region. The company develops, owns and operates a chain of 20 smart business parks that combine services with flexible and modern office space. The company’s core value is to continuously exceed customer expectations by providing outstanding solutions to 1,700 companies and their 47,000 employees in Finland, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.

Osuuskunta KPY (KPY Cooperative) is a Kuopio-based long-term industrial owner and investor owned by its 22,600 members. The Osuuskunta KPY Group consists of KPY Sijoitus Oy, Enfo Oyj, Voimatel Oy, Vetrea Terveys Oy and Kiinteistö Oy Siilinjärven Lentokapteeni. In 2014, Osuuskunta KPY Group recorded net sales of EUR 323.6 million and employed almost 1,900 people.