Maria LandtmanPartner | Helsinki
Our Projects & Construction team advises project sponsors, lenders, acquirers, corporates, and contractors on all aspects of projects and project financings, for instance, in the energy and infrastructure sectors, including industrial and energy outsourcing. We are experienced in structuring and establishing partnership models, including various forms of public-private partnerships and alliance models and joint ventures, conducting due diligence reviews, drafting and negotiating the full spectrum of bankable project documents and financing and security agreements, and coordinating projects.
We also advise employers, contractors, engineers, and consultants on standalone construction and engineering projects, including turnkey EPC contracts and EPCM agreements in respect of, for instance, power plants and industrial facilities, O&M contracts, and the procurement of large equipment, machinery, and industrial systems. In addition, our team advises on standalone commodity supply agreements including corporate power purchase agreements.
We know our way around standardised forms of contract, such as the internationally used FIDIC suite of contracts as well as the Finnish YSE 1998 and KSE 2013 terms, and we also advise on project-specific bespoke solutions. An important goal for us is to help clients prevent resource-intensive and lengthy litigation following the completion of a project. To reach this goal, our Dispute Resolution team supports the project team in agreement drafting and assists clients during the execution of a project in claims management and strategic decision-making.
The Projects & Construction practice is a part of our cross-border Real Assets service concept combining our offerings to the Environment & Natural Resources, Infrastructure & Energy, Projects & Construction, and Real Estate sectors into a coordinated, multi-disciplinary advice to our clients. The team also co-operates closely with for instance our Finance, Tax and Technology practices to provide an integrated service.
Hannes Snellman has been engaged by the Finnish state enterprise Metsähallitus in the Korsnäs offshore wind power development project. The envisaged minimum nominal capacity of the project is 1300 MW, entailing 70–100 turbines with a capacity of 12–20 MW each.
eQ Commercial Properties Fund (AIF), Lehto Group, Kivistö local center
eQ Commercial Properties Fund's (AIF) acquisition of the Kivistö local center to be constructed by Lehto Group in the Vantaa Kivistö area
Value not public
Counsel to eQ Commercial Properties Fund (AIF)
Counsel to OX2 in respect of the balance of plant construction contracts for a portfolio of onshore wind projects in Finland with a capacity totalling 154 MW. The portfolio encompasses wind farms Merkkikallio, Puutikankangas and Rustari in the Ostrobothnia, North Ostrobothnia and South Ostrobothnia regions of Finland.
Counsel to SRV on the sale and construction of three residential assets to one of DWS’s institutional real estate funds.
EUR 82 million
Counsel to SRV
Keliber Oy, Sweco
Keliber signed an engineering, procurement, and construction management (EPCM) contract with Sweco in respect of a project, which comprises a concentrator plant and lithium mines in Kaustinen, Kokkola and Kruunupyy, and a lithium hydroxide plant in Kokkola.
Value not public
Counsel to Keliber Oy
Remeo Oy's construction project of a materials recovery facility.
Approx. EUR 35 million
Counsel to Remeo Oy
City of Espoo, Kumppanuuskoulut Oy, YIT Oyj, Meridiam Investments II
The City of Espoo signed a service agreement with Kumppanuuskoulut Oy on the implementation of five schools and three daycare centres
Approx. EUR 300 million
Counsel to City of Espoo
Rabbe Sittnikow, Jussi Ekonen, Janna Pihanurmi, Janne Veneranta, Roosa Väre, Markus Bremer, Maria Landtman, Samuli Pirinen, Heikki Vesikansa, Harri Vehviläinen, Piia Ahonen, Joakim Lavér
DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale’s project financing of Project Piiparinmäki, the largest wind farm in Finland
Value not public
Counsel to DekaBank Deutsche Girozentrale
Counsel to Pankaboard Oyj in the outsourcing of steam production to Adven Oy
Lemminkäinen Corporation and YIT Corporation
The combination of Lemminkäinen Corporation and YIT Corporation through a statutory merger
EUR 771 million
Counsel to Lemminkäinen
Eurus Energy Holdings Corporation (Buyer), Maas Capital Renewables (Seller) and YARD ENERGY (Seller)
Eurus Energy Holdings Corporation's acquisition of two wind farms in Finland from Maas Capital Renewables and YARD ENERGY
Value not public
Counsel to Eurus Energy Holdings Corporation
Veolia, Neste and Borealis
A transaction creating a JV with Neste and Borealis to build a new combined heat and power plant and produce and supply steam and other utilities to Neste's refinery and Borealis' petrochemical plant in Porvoo, Finland
Approximately EUR 350 million
Counsel to Veolia