Ruby Group: Hotel development and lease negotiations in Helsinki
Eversheds advised Ruby Group, an international hospitality operator, in contractual negotiations concerning a new hotel in the heart of Helsinki. The current office building at the site will be converted into a hotel by the landlord, Union Investment, with Ruby Group operating the hotel once the conversion was complete.
Both parties are leading professionals in their respective fields and have successfully delivered similar projects together elsewhere in Europe. This shared track record inevitably shaped the negotiations and agreements, requiring a combination of sector-specific real estate expertise, commercial insight, and the ability to align the high standards and expectations on both sides. The engagement highlighted our capability to act at the intersection of international real estate investment and high-end hospitality operations, delivering agreements that support long-term commercial success.
The engagement began in January 2025.
Our work covered the full legal advisory scope of the negotiations. The matter was led by Partner Markus Rämö and Partner Saara Kyhälä, together with Associate Henri Minkkinen, all from our Real Estate and Construction practice in Helsinki.
Key contacts
Markus Rämö
Markus has extensive experience advising both domestic and international investors — including institutional and private clients — as well as tenants, in various real estate transactions. His work covers property sales and acquisitions (including large portfolios), sale and leaseback arrangements, and lease agreements.
Saara Kyhälä
Saara Kyhälä is a Partner specialising in real estate and corporate transactions. She leads Eversheds Sutherland’s Real Estate, Construction and Environment team and has extensive experience in real estate law, development projects, and corporate deals across various sectors.
