Regenero to finance development project in the Keilaniemi area with MEUR 100 secured bond

Avance advises Keilaniemen kiinteistökehitys Oy, a wholly owned subsidiary of Regenero Oy, in the issuance of a senior secured bond of EUR 100 million – the first large real estate development bond in Finland. The bond issue proceeds will be used for property development in the Keilaniemi area.

Regenero Oy is a 50%/50% joint venture formed by YIT and HGR Property Partners. Regenero focuses on large office real estate development projects enabling each of YIT and HGR to focus on their strengths in property development.