28 Nov 2025

Krogerus Advises Vantaan Valo Ky on EUR 225 Million Loan Facilities

"Krogerus advised Vantaan Valo Ky on EUR 225 million loan facilities provided by Nordea Bank Abp and OP Corporate Bank plc. The proceeds will be used to optimise Vantaan Valo's capital structure. Vantaan Valo, a joint venture between pension insurers Elo and Varma, is the largest owner of Jumbo shopping centre."

Krogerus advised Vantaan Valo Ky in securing EUR 225 million loan facilities provided by Nordea Bank Abp and OP Corporate Bank plc. The financing will be used to optimise Vantaan Valo's capital structure. The transaction underpins Jumbo shopping centre's strong market position and aligns with Vantaan Valo's investment strategy to develop its balance sheet structure. Vantaan Valo is a joint venture between mutual pension insurance companies Elo and Varma and is the largest owner of Jumbo, Finland's largest shopping centre by sales. Krogerus represented Vantaan Valo Ky with a team composed by: Partner Heidi Kivenjuuri; Counsel Kaarlo Hakkarainen; Associate Elsa Uitto; and Senior Associate Kalle Lipsanen (advising on general corporate law matters).
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