The Finnish real estate market has witnessed a clear increase in activity and professionalism since the early 2000’s. This can be partly credited to the expanding interest of foreign investment into Finland, with non-Finnish ownership of real property already clearly exceeding one-third of the total real property market value. In addition, the Finnish legal climate with respect to real estate and construction is considered very stable and transparently regulated, with well-established market practices.
Within the last few years, industrial and logistics, residential and social infrastructure have been the most active market segments. Alternatives, including data centers, have continued to see growing interest from international investors. Yields have stabilized and the gap between buyers and sellers has continued to narrow. Nordic banks have recently been very active in restructuring and refinancing of commercial real estate, a clear positive for the Finnish real estate investment market and its further recovery.
Our market-leading Real Estate and Construction team advises property owners, investors, funds, developers, construction companies, as well as the public sector in a broad range of real estate transactions and projects, including the sale and purchase as well as development and construction of both individual properties and real estate portfolios. We also support our clients more generally in various construction and real estate asset and investment management matters.
We work closely and seamlessly with our other practice groups to provide assistance e.g. in relation to financing, structuring, tax as well as competition, FDI and other regulatory matters. Supported by our market-leading M&A and Private Equity practices, we have extensive in-depth expertise in real estate related joint ventures and other co-investment platforms.
Rankings
2025
“Avance’s team is solution-oriented and pragmatic with their advice. They understand the needs and requirements of their client and focus on these issues during drafting and negotiations.”
“Great commercial eye and knowledge. Able to represent the client’s interest and think of relevant solutions to difficult issues. Prone to act with simple processes in mind.”
“Very dynamic team that puts a lot of effort into getting to know your business and to truly understand your specific needs. Good people to spend time with and good as support in negotiations.”
“Commercial, client-focused and responsive.”
The Legal 500 2025, Real estate and construction
2025
Our Real Estate department, praised as “market-leading” with “unrivalled transactional expertise”, proudly remains the sole firm selected for top-tier (Band 1) inclusion.
“Avance Attorneys’ team is very professional and able to do anything we need them to do.”
“The lawyers are very knowledgeable and provide good service. They produce very high-quality drafts of documentation, communicate clearly and are attentive to detail.”
“The team has solid experience handling the most difficult transactions. It is highly professional and has a diligent approach to all legal matters in question.”
“They are good at formulating and understanding our underlying business needs. They are able to bring their own thoughts and counsel to our work efficiently. You can always count on Avance to get back to you with very high-quality work.”
Chambers Europe 2025, Real Estate
2024
Avance is Tier 1 ranked in Real estate and construction.
“Deal making capabilities, comprehensive knowledge and experience.”
“The strongest Real Estate practice in terms of senior capacity. Partner level assignment handling secures consistent high quality. Pleasant to work with.”
“The RE practice consist of highly talented and smart lawyers, who are also fun to work with.”
The Legal 500 2024, Real estate and construction
2024
Once again, our Real Estate department, hailed as “market-leading” with “unrivalled transactional expertise” is the sole firm selected for top-tier (Band 1) inclusion.
“The team had an excellent service level, and were very quick and good quality in all responses.”
“Avance is a high-quality law firm with talented individuals.”
Chambers Europe 2024, Real Estate
2023
“Very senior team providing hands on attention and premium quality with short response time.”
“Expertise in and knowledge of industry, co-operation skills, availability and support whenever needed, approachability, youthfulness.”
“Very experienced team with a capability to solve problems in challenging environment.”
The Legal 500 2023, Real estate and construction