YIT and Are to Build Metro Station in Espoo

Finland Finland A consortium formed by YIT, Are and Länsimetro Oy have signed an agreement on the construction of the Soukka station on the West Metro line in Espoo. The value of the contract is approximately EUR 50M, whereof YIT’s share is approximately EUR 35M.

2018-06-20

Share via e-mail

The contract includes constructing the Soukka metro station building with landscaping and technical shafts as well as the tunnel station and service tunnels. Additionally, an underground air-raid shelter will be built. The construction will begin in August 2018 and is scheduled for completion in February 2022. The project is booked in YIT’s order backlog in the second quarter of 2018.

”We are happy to participate in further development of Espoo, also with building the metro. In the Soukka metro station construction project we can benefit from our previous experience of the four stations that we have built for the West Metro. For instance, when building the Aalto University station, we took in use several innovative methods to improve project management,” says Anne Piiparinen, Senior Vice President of Industrial and Structural Engineering of YIT’s Infrastructure construction segment.




Maria Olsson Äärlaht
maria@nordicpropertynews.com




EQ Buys Property in Tampere

Finland Finland OP Toimitilakiinteistöt has sold a property in Tampere to EQ Hoivakiinteistöt.


“It Is Driving Prices Up to Unprecedented Levels”

Finland Finland CBRE Finland’s new MD Colin Waddell, tells Nordic Property News his views on the Finnish market and the large foreign interest in Finland.

YIT to Build New Production, Storage and Office Premises for Huhtamaki

Finland Finland YIT will expand and renovate Huhtamaki’s production, storage and business premises in Hämeenlinna, Finland. The customer in the project is NREP Logicenters, a Nordic developer and owner of modern logistics properties. The turnkey contract includes a new building of around 15,000 square metres and the renovation of 2,700 square metres of existing premises.

Blackrock Acquires Office Building in Helsinki

Finland Finland Blackrock Real Assets and Institutional Investment Partners (2IP) have acquired an office building in Helsinki from a fund managed by AXA IM Real Assets.

Colin Waddell on his New Position as MD of CBRE Finland

Finland Finland CBRE look abroad to find their new management in Finland and appointed Colin Waddell Managing Director. The new MD tells Nordic Property News what he will bring to the CBRE Finland and what advantages he sees in coming from the outside.


Veritas acquires hospital for EUR 64 million

Finland Finland Veritas Pension Insurance Company has acquired the Töölö hospital from The Hospital District och Helsinki and Uusima (HUS).

Ilmarinen Expands its Real Estate Investments in the Netherlands

Finland Finland Ilmarinen has invested in an office property in Rotterdam.

YIT and Are to Build the Kaitaa Metro Station in Espoo

Finland Finland A consortium formed by YIT and Are and Länsimetro Oy have signed an agreement on the construction of the Kaitaa station on the West Metro line in Espoo.

Hoivatilat Sells Properties and Specifies its Guidance

Finland Finland Suomen Hoivatilat Oyj signed a sales agreement with Special Investment Fund eQ Care, based on which Hoivatilat sells all shares in six property companies to eQ. The debt-free purchase price is EUR 16.4 million.

DWS Acquires 42,000 sqm in Aviapolis

Finland Finland Elo Mutual Pension Insurance Company, together with Local Tapiola General Mutual Insurance Company have sold a prime logistics property by the Helsinki-Vantaa Airport to DWS.