HGR Property Partners Oy has sold a development property to the Norwegian company Public Property Invest ASA. Public Property Invest is a real estate company listed on the Oslo Stock Exchange. The transaction covers a school and daycare property in Kruununhaka, Helsinki. The property comprises approximately 5,000 square meters of lettable space, of which 100 % is leased under long-term agreements. 

The project involves extensive renovation and repurposing of an existing building in Kruununhaka, in the historic Uudenmaan Kasarmi block. The property will house a daycare for the City of Helsinki and a private school. 

The project prioritizes sustainability, with a commitment to preserving and utilizing existing building stock. The project will pursue LEED Gold environmental certifications. Additionally, on-site energy production will be developed. The construction will begin soonest, with completion scheduled for late 2026. 

Tuomas Raikamo, CEO of HGR Property Partners Oy, commented on the sale: “This transaction highlights that there is demand for properties with excellent locations, reputable tenants, and ambitious sustainability standards, even in today’s challenging real estate market. We are excited to enter the construction phase and seeing this historic building come to life. We look forward to starting a long-term partnership with PPI.” 

The basic information about the sold property: 

Address: Maurinkatu 1, 00170 Helsinki
Size: 5000 sqm
Purpose: School and daycare 

For more information, please contact: 

Tuomas Raikamo, CEO, HGR Property Partners Oy, phone 050 505 6262, [email protected]