LähiTapiola Yhteiskuntakiinteistöt Suomi Ky has successfully completed a new financing arrangement, extending its maturity profile and improving key loan terms. Jones Lang LaSalle Finland Oy (JLL) acted as financial and debt advisor in the transaction.
23 June 2026
News release
23 June 2026
JLL advises LähiTapiola Yhteiskuntakiinteistöt Suomi Ky in €244.8 million refinancing
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Authors
Eemeli Lehto
The new financing has been provided by Swedbank, Danske Bank and Nordea, with Danske Bank acting as the coordinator and the agent. Hannes Snellman serves as legal advisor to LähiTapiola.
The refinancing achieved significant improvements to the loan terms despite increased LTV. The facility has a maturity of three years with two one-year extension options.
Portfolio Manager, LähiTapiola, Lasse Westberg: "The refinancing improves our cash flow and provides increased flexibility for future portfolio management. The result highlights the quality of our portfolio, reflected in strong lender demand. We are very satisfied with the outcome and the continued support received from the banks."
Head of Debt & Financial Advisory, JLL, Eemeli Lehto: "We are pleased to have supported LähiTapiola in this refinancing. The transaction demonstrates continued strong lender appetite for high-quality Finnish real estate, and we were able to deliver the lowest margin seen in recent years alongside other important improvements."
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
LocalTapiola
LähiTapiola Group (or LocalTapiola in English) is one of Finland’s largest financial and insurance groups, operating on a mutual model and owned by its customers. The Group provides a broad range of non-life, life and pension insurance, as well as investment and savings services for private individuals, entrepreneurs, farms, corporates, and communities. With approximately 3,800 employees and a nationwide footprint, LocalTapiola plays a central role in Finland’s insurance and financial services landscape, backed by solid solvency and a long-standing heritage rooted in Finland’s mutual insurance tradition.