Helsinki, Finland
Music House
- Location
- Nordic
Opportunity
Acquisition of an under-utilised site with parking in Helsinki’s western urban extension.
Delivery
Development of rental accommodation and co-working space, with the project positioned as a high-specification living and flexible-work proposition.
Outcome
The project combined residential and workspace uses in an emerging Helsinki district, with LEED Gold identified as the sustainability target in Ailon’s project record.
Acquisition of an under-utilised site with parking in the western extension of Helsinki. Development of apartments for rent and co-working with LEED Gold accreditation. The residents have access to a range of social and amenity areas and are part of a vibrant and stimulating community.
The existing build permit was amended for a value enhanced scheme and the basement reduced by 70%, including removal of expensive to build car parking.
The site is located in metropolitan Helsinki in a major development area with less than 10 minutes travel time to Helsinki Central Station. The scheme will target Finnish, Nordic and international young professionals, students and single-family households.
The property was acquired in October 2019 in a joint venture with a global institutional investor. The joint venture targeted in excess of 2,000 apartments with strong focus on ESG.