Peab Creates Offices in Helsinki

Finland Finland Peab has begun the construction of its second office building in Pitäjänmäki in Helsinki.


Share via e-mail

Peab completed Ultimes Business Garden I in 2016 and it is now fully occupied with several renters, in addition to Peab which maintains its Finnish headquarters there.

The second office building, Ultimes Business Garden II, will be seven-stories high with rentable office space of around 7,900 square meters and 150 parking spaces. 
 Construction has begun and the building will be ready in the beginning of 2019. Peab intends to develop a total of six office buildings in the area over time, comprising some 50,000 square meters. Peab will invest EUR 30M in the office building.

“We are very happy to begin construction on the second office building in the area. There is a good demand for modern, space-efficient premises, an area where our Business Garden concept is proving successful,” says Göran Linder, BA Manager Project Development. 

Maria Olsson Äärlaht

"There are Always Possibilities Everywhere"

Finland Finland As responsible for Aberdeen Standard Investment's real estate investments, Pertti Vanhanen is one of the real estate industry's most powerful Scandinavians. Meeting up at Mipim he tells Nordic Property News of the strategies after the merger of Aberdeen and Standard Life, the opportunities in the Nordics and what other European markets has caught his eye.

Antilooppi Sells in Vantaa

Finland Finland Antilooppi has sold a retail and manufacturing property at Mäkituvantie 3 in Aviapolis, Vantaa, to the special investment fund Trevian Finland Properties I.

Regenero Signs Tenant Agreement in Espoo

Finland Finland Regenero, a joint venture formed by YIT and HGR Property Partners, has signed an agreement with the City of Espoo to lease premises in the Tietotie 6 office property in Otaniemi, Espoo.

Cibus' Future Plans – After the EUR 767M Acquisition

Finland Finland Pareto company Cibus purchases 123 Finnish grocery stores from Sirius for EUR 735 and enter the stock market. Stefan Gattberg and Lisa Dominguez Floding tells Nordic Property News about the establishment, the IPO and the future.

Peab Refurbishes Apartments in Helsinki

Finland Finland Peab has been commissioned to refurbish 470 apartments in Munkkivuori in Helsinki.  The customer is AsuntoOy Ulvilantie 29 and the contract is worth EUR 16M.

YIT Starts Several Residential Projects

Finland Finland YIT has started the construction of residential projects worth approximately EUR 50M in Turku, Tampere and Vantaa in January and February.

Hemsö Makes Major Finnish Acquisition

Finland Finland Hemsö continues to make a mark on the Finnish market. On Friday they announced that they are investing MSEK 800 (EUR 80M) in an acquisition of three university properties, and renovation of one of the buildings. Jarkko Leinonen, Country Manager Finland at Hemsö, tells Nordic Property News about the significance of the acquisition, why they want to increase the amount of education properties and what the company's future in Finland looks like.

SRV Launches Construction of Pressi

Finland Finland SRV is launching the construction of a new kind of multifunctional business premises, Pressi, in Vantaankoski.

Sato to Create Rental Homes in Helsinki

Finland Finland 239 new Sato rental homes will be constructed in Helsinki's Herttoniemi and Kalasatama districts in the coming years. The Herttoniemen Laivalahdenkaari 1 property will have 143 Sato rental homes and Kalasataman Capellan puistotie 96 Sato rental homes.

Another Record Year for Property Transactions in Finland

Finland Finland Finland’s real estate investment market remained exceptionally active until the end of 2017. As a result, a record-high transaction volume was achieved for the second year in a row. This time, the new record came to around EUR 10 billion, which was driven by a few major deals and strong demand by international investors. This according to the Catella Market Indicator.