YIT and Telia agree on head office lease and property sale and purchase

Avance advises YIT in relation to the long-term lease agreement with Telia Finland for head office premises in the Tripla Workery East offices currently under construction. The agreement covers approximately 21,000 square metres in the easternmost quarter of Tripla above the new Pasila station.

The agreement also includes the sale of Telia Finland’s current head office buildings in Vallila, Helsinki, to YIT. Additionally, YIT and Telia Finland are negotiating on the possibility of establishing a real estate development joint venture. The buildings to be bought cover approximately 50,000 square metres, and the plan is to develop there versatile modern office spaces to cover various end-uses.