Nordicum - Real Estate Annual Finland 2012 | Page 18

Reach for the Sky
Kalasatama launches a new era of high-rise buildings in Helsinki
The construction of the Kalasatama Centre area is finally under way –
and expectations are running as high as the proud towers designated for
the neighbourhood. Already called “the Finnish version of Manhattan”,
Kalasatama promises to introduce high-rise construction in a seaside setting in
an unprecedented manner.

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T

he City of Helsinki and SRV signed the
contracts relating to the implementation
of Kalasatama centre in August 2011,
and the construction works have already
commenced. The impact of the project to
SRV’s revenue during the next ten years is
estimated to total close to one billion euro
accumulating towards the end of the decade.
Timo Nieminen, the Senior Executive
Vice President of SRV, points out that the un-