He continues:
“Our occupancy rate in Ruoholahti is currently 97.4 percent and we want to offer flexibility and growth opportunities both for our existing customers, and newcomers. The expansion will also improve the efficiency of our existing campus services by boosting the scale of our operations around the existing service infrastructure.”


 
Technopolis has signed a long lease agreement with an anchor company for the new building. The pre-let rate for the expansion is 37 percent and it has a rentable office area of 9,900 sqm. The expansion also includes 115 parking spaces. The net initial rental yield of the expansion is estimated at 5.8% and the stabilized yield at 6.6 percent. The appraisers have assigned a market yield requirement of 5.9 percent to the new building.