The properties are located in central Helsinki in a district famous for its public buildings, that include the Finnish Parliament House, Finlandia Hall and the National Museum of Finland. Hemsö has signed a rental agreement with the Hanken School of Economics for parts of the Arkadia 28 property, where also the University of Vaasa is located. A 15-year rental agreement was signed with the City of Helsinki for the adjacent property, Arkadia 24. 

“Hemsö is continuing to strengthen its position as an owner and developer of educational properties in Finland. The new acquisition is a good complement to our property portfolio in the traditional educational district of central Helsinki. This will enable us to offer the Hanken School of Economics new functional premises and allow the City of Helsinki to create new elementary school places,” says Jarkko Leinonen, Head of Region Finland at Hemsö.

The rental agreement with the City of Helsinki means the Arkadia 24 property will be used for elementary school activities. Hemsö will perform extensive refurbishment of the property and the premises are scheduled to enter into service in autumn 2022. Earlier this year, an educational property was acquired in Jyväskylä and a new music conservatory is under construction in Joensuu. Hemsö currently owns approximately 100,000 sqm of educational property in Finland, including the University of the Arts Helsinki and campuses in Töölö and Sörnäinen. In Sweden, Hemsö owns 57 elementary school properties and 18 upper secondary schools.