The construction of the Lauttasaari shopping centre began in 2014, and it will be completed in late 2016. Approximately 75% of the centre’s premises - which amounts to 6,000 sqm - have been leased, the anchor tenants being Kesko, HOK-Elanto and Alko.
The Lauttasaari shopping centre and the residential buildings to be constructed in connection with it are developed according to YIT’s “Kaupunki kylässä” concept. The concept aims for lively centres that are good for living and entrepreneurship alike. It makes urban structures more compact and makes the use of existing infrastructure in line with the principle of mixed use, by combining living, services, and jobs, and relying on modern public transport.
“Creating sustainable urban environments is the guiding principle of YIT’s corporate responsibility. The Lauttasaari shopping centre, Lauttis, is a perfect example of this: the adjacent metro station and traffic will reduce emissions, the proximity of services adds to the convenience of daily life and the excellent location and high technical quality bring residential and business owners financial security,” says YIT’s President and CEO Kari Kauniskangas.
The construction of the shopping centre has proceeded according to schedule. The blasting work has been finished and the frame work has started. The construction of residential apartments to be situated in connection with Lauttis will also begin in the summer. Demand for the apartments has been high, and their pre-marketing will begin in June. The apartments are expected to be completed during 2017.
YIT’s advisor in the transaction was Leimdörfer.
YIT Sells the Lauttasaari Shopping Centre in Helsinki
Finland — YIT sells the Lauttasaari shopping centre, Lauttis, in Helsinki to Aberdeen European Balanced Property Fund. The total value of the agreement is over €40M.