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Real Estate & Construction / 9 Apr 2015

Borenius advised SRV Rakennus Oy in the development of Niittykumpu Metro Centre

We advised SRV Rakennus Oy in the development of a construction complex called Niittykumpu Metro Centre to be built next to the Niittykumpu metro station in Espoo. The commercial centre was sold to OP-Vuokratuotto special investment fund on 31 March 2015. In addition to the commercial centre, the complex includes 12- and 24-storey residential towers, of which the latter, named Niittyhuippu, will be the tallest residential tower in Espoo. The construction work commenced in spring 2015 and the commercial premises featuring 5,400 square metres of leasable business premises are scheduled to open in September 2016. SRV is also planning residential construction in cooperation with SATO and Varma to the east of Niittykumpu Metro Centre. SRV has developed the Metro Centre in close cooperation with the City of Espoo, Länsimetro (a municipality-owned project company developing a new metro line towards west from the centre of Helsinki) and SATO. Overall, the project’s value is around EUR 100 million.

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