Niam to develop tallest office high rise in Finland

Kalasatama Horisontti

Niam has today entered into an agreement to acquire a development project called Kalasataman Horisontti from listed construction company SRV. The 11,700 sqm project will – once completed – include Finland’s tallest office tower spanning 111 meters over 26 floors. Located on top of the existing shopping center Redi, a 5-minute metro ride from Helsinki center, Kalasataman Horisontti will offer first-class premises and services to its tenants and users.

Antti Muilu, country manager for Niam Finland, noted: “We are very happy to acquire Kalasataman Horisontti and together with SRV support the transition to more environmentally friendly building development and sustainable property ownership. The premises will offer the tenants and visitors a unique experience and a reason to come to the office. Through this project Niam and SRV will create a magnificent landmark building that will meet the qualitative and functional requirements of users now and in the future.”

Saku Sipola, President & CEO of SRV, states in a press release: “It’s great to be able to start up the construction of this project with Niam after the long joint development phase. Launching Horisontti right now shows that there is demand for a unique tower construction concept in the business premises market even in the current market situation.”

The premises will be adaptable in terms of state-of-the-art building systems, enabling high energy-efficiency, adaptable premises, suitability for multiple purposes and a working environment that supports well-being and interaction. The 24th floor of Horisontti will also feature the highest scenic restaurant in the Helsinki metropolitan area. The restaurant – open to everyone – will boast views over the Helsinki metropolitan area all the way to Tallinn.

Construction work will begin in April 2023 and will be completed in spring 2025. SRV is to secure a LEED Platinum certification for Horisontti.

For more information, please contact:
Antti Muilu, Country Manager Finland
+358 40 749 8283, Antti.Muilu@niam.com

For more information about Niam, please contact:
Rikard Henriksson, Managing Partner
+46 8 5175 85 63, Rikard.Henriksson@niam.com

About Niam
Niam is a leading manager of real assets in the Nordics, with local presence in all Nordic countries. Building on more than 25 years of trusted experience and an outstanding track-record, we unite leading expertise to unlock smarter investments in real estate, infrastructure, and credit strategies. We are a team of specialists with a passion to perform and deliver sustainable value to our stakeholders.

SRV in brief
SRV is a Finnish developer and innovator in the construction industry, established in 1987. The company is listed on the Helsinki Stock Exchange and operates in growth centres in Finland.