Skanska's Investment in Helsinki: A New Era for Commercial Real Estate

Skanska's New Office Project in Helsinki



Skanska, a prominent construction and development company, has recently announced a significant investment of EUR 90 million (approximately SEK 1 billion) in a new commercial office project located in the bustling area of Pasila, Helsinki. This ambitious venture is poised to reshape the office landscape in Finland's capital, particularly with its modern approach to workspace design and sustainability.

The Firdo Building: A Modern Marvel



The building, named 'Firdo', will comprise 14 stories with around 15,000 square meters of flexible office space that caters to the needs of modern businesses. Not only will Firdo offer state-of-the-art facilities, but it will also emphasize sustainability by pursuing WELL and LEED Platinum certifications. This commitment to eco-friendly standards reinforces Skanska's dedication to creating workspaces that promote health and well-being.

Construction contracts for this project are valued at EUR 55 million, about SEK 630 million, and the contracts will be included in Nordic order bookings for the fourth quarter of 2024. The initial phase of construction is expected to commence in January 2025, with the project slated for completion by the second quarter of 2027.

Prime Location and Amenities



Located in Pasila, a vibrant district known for its excellent public transport and myriad amenities, Firdo aims to attract leading companies looking for a strategic base in Helsinki. The office building will feature various amenities designed for both productivity and leisure. This includes:
  • - Conference and Lounge Areas: Providing space for meetings and relaxation.
  • - On-site Restaurant: To cater to the dining needs of employees.
  • - Gym Facilities: Promoting fitness and wellness among workers.
  • - Indoor Bicycle Parking: Encouraging eco-friendly commuting.

Skanska's Commitment to Sustainability



In line with global trends, Skanska places significant importance on reducing the carbon footprint of its projects. Firdo will utilize geothermal energy for heating and cooling, showcasing a commitment to innovative energy solutions. Furthermore, material selection for construction will be carefully curated to minimize environmental impact, aligning with Skanska's sustainability goals.

Lease Agreement with Skanska Finland



An exciting aspect of this development is that Skanska Finland has signed a long-term lease for approximately 5,500 square meters within its own built environment, which constitutes about 37% of the total office space. This move marks a strategic decision for Skanska, as they anticipate moving into their new headquarters in the second quarter of 2027, further solidifying their presence in Helsinki.

Conclusion



Skanska's investment in the Firdo project is not just a reflection of its confidence in the future of commercial real estate in Helsinki, but also a step towards promoting sustainable urban development. As construction begins in early 2025, all eyes will be on how Firdo transforms the landscape of office work in Finland.

For developers, businesses, and sustainability advocates alike, this project represents the blending of modern workspace demands with environmental consciousness in real estate development. As we look towards a future shaped by both innovation and responsibility, Skanska’s Firdo project stands as a promising model for other cities and developments to follow.

Topics Consumer Products & Retail)

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