Otavamedia Oy to lease office spaces at YIT’s Tripla
The first significant long-term tenancy of the office spaces at the Pasila urban centre Tripla has been signed with Otavamedia Oy. The lease agreement covers over 6,000 square metres on four different floors of the Tripla middle block, including a photo studio.
”Otavamedia Oy gets business premises from Tripla that are modern and serve the business well. Otava Group’s other business premises in Helsinki metropolitan area are located in Uudenmaankatu and Hietalahti and their development will continue in the coming years,” says CEO Alexander Lindholm from Otava Group.
The Tripla centre to be completed in Central Pasila in stages during 2019–2021 is a three-block complex, including a parking hall, shopping centre, public transport hub, apartments, a hotel and offices. The total office area is approximately 50,000 square metres. The construction of the offices begins in early 2018, when the Mall of Tripla reaches its final height, and they will be completed in 2020.
The agreement also includes YIT purchasing two buildings owned by Otavamedia Oy in Pasila. The total floor area of the purchased buildings is approximately 17,500 floor square metres. The buildings were built in the 1980’s, and they are currently used by Otavamedia Oy. The goal is to develop and renovate the buildings for new functions and for new users. The renovation is scheduled to begin in 2018 and 2020. YIT will pay for the premises as it gains the tenure and ownership of the properties in 2018 and 2020.
“The properties support YIT’s objectives of urban centre development and increasing the proportion of renovation projects. The development of properties located close to excellent transport connections offers excellent opportunities to create new, unique solutions for our clients’ needs,” says Timo Lehmus, YIT’s Head of the Business Premises and Infrastructure segment.