The property has a lettable area of approximately 6,900 square meters and is located in Kronohagen Helsinki city center, near Senate Square in the central university area. The University of Helsinki will move from the property to new premises nearby after the agreed rental period. Thereafter, planning begins for conversion to other educational activities.
"The acquisition gives us the opportunity to develop the property into modern training facilities in an attractive location in the long term. It is a good complement to the training properties we have in Helsinki and gives us more space for future projects," says Jarkko Leinonen, Head of Finland.
"The sale of the property became relevant when the decision was made to gather the Faculty of Education's activities for the Siltavuorenpenger 1–9 property and in connection with the relocation, the premises will be renovated. We develop premises mainly for the university's needs and the activities conducted. It is fantastic that Hemsö has experience of the university as a tenant and can develop the properties in the long term, "says Jaana Ihalainen, CEO of Helsinki University Properties AB.
Hemsö has a number of educational properties in central Helsinki, which include the University of the Arts located in three different locations with the Sibelius Academy, the Academy of Fine Arts and the Theater Academy as well as the elementary and university properties Arkadia 24 and Arkadia 28.
Catella acted as Helsinki University Properties’ advisor in the sale.