DOCSLIB.ORG

Real Estate Annual Finland 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Real Estate Annual Finland 2016 NORDICUM Give ’em Espoo Goes Recharging Helsinki Underground Turku Real Estate Annual Finland Urban Proof Who’s Designing Your City? UX Marks the Spot Joe Pine Breaks Down Experience Economy DKK 42,00 NOK 47,00 EUR 6,60 SEK 49,00 NORDICUM.com FINLAND FAST FACTS 64° 00' N 26° 00' E Highest possible status (AAA) with Newsweek Magazine has ranked The largest sector of the the global credit rating agencies Finland as the world’s best country Finnish economy is services at 65 %, followed by manu- Fitch Ratings and Moody’s and AA+ on the basis of criteria emphasising facturing and refining at 31 %. by Standard & Poor’s. the environment, education and quality of life. Finnish startup spirit is personified by super tech-event Slush which again brought together 15,000 attendees (including 1,700 startups) in November 2015. Helsinki was declared the number one Corporation tax was lowered to 20% at the beginning of 2014 Smart City (from 24,5%). Finnish game series Angry in the world (Fast Company). Birds has been downloaded more than three billion times, making it the most download- ed freemium game series of all Espoo-based Aalto University is an time. "Innovation University" through-and-through. Combining business, design and hi-tech, Aalto was ranked among the five rising stars of the international academic community by MIT. Helsinki placed second (after Labour costs are lower in Finland London) in the Financial Times’ FDI compared to the other Nordic Intelligence European Cities of the countries. Future 2014/2015 ranking which measures the ability of areas and cities to attract foreign direct investments (FDI). Helsinki was ranked second in World Economic Forum's 2013 Human Capital Index. Finland has the highest Research & Finland has the best availability of Development scientists and engineers in the world intensity of all 28 European Union (WEF’s Global Competitiveness Report member states (Eurostat). 2014–2015). Tandem Graphics 2016 AAA status “is underpinned by sound Finland’s main industrial public finances, a solid external position, products are paper and board, high income per capita, demonstrable electronics and metal products. political and social stability and an Biggest Cities: impeccable debt service record”. Finland has world-class Helsinki (613,000) expertise in cleantech, forestry, Espoo (261,000) Finland’s education system has metal and machinery manufac- Tampere (220,000) turing, ICT industry and consistently achieved outstanding Vantaa (208,000) results (PISA). services, and health and wellbeing. Oulu (194,000) About a third of Finland’s working Turku (182,000) population has a degree or higher qualification. Helsinki is ranked third (behind New York and London) in the global The capital area in detail CITIE Index 2015 which studied governmental support of entrepreneurs among cities. Vantaa Espoo Kauniainen Helsinki The Helsinki-Vantaa International Airport offers the best connections from Europe to Asia. The Fund for Peace (FFP) ranked Tampere Finland the most stable country in the world for the second consecutive year in 2014. Pori Rauma Uusikaupunki Vantaa Espoo St.Petersburg Turku Helsinki Oslo Tallinn Stockholm HELSINKI Pori 51 km Rauma 50 km Uusikaupunki 71 km Turku 165 km 58 km Hyvinkää 126 km Tampere Growth Corridors Going Strong Copenhagen NORDICUM Real Estate Annual Finland Publisher Service 2.0 PubliCo Oy Pälkäneentie 19 A ‘Service’ is not what it used to be. These days, the word is becom- FI-00510 Helsinki ing synonymous with ‘disruption’ as new service concepts are Finland turning the world upside down. Phone +358 20 162 2200 [email protected] www.publico.com Take Mobility as a Service (MaaS), for instance. Already hailed as the ‘Helsinki Model’ around the world, MaaS means Editor-in-Chief that you buy mobility services based on consumer needs instead Jussi Sinkko of buying the actual means of mobility. This calls for mobility solutions that integrate intercity transportation and local transpor- Editorial Coordinator tation, as well as last mile solutions. The Helsinki Model aspires Liisa Hyvönen to upgrade the service level of transportation by harnessing the Project Manager capacities of both public and private actors. Paul Charpentier Sonja Heikkilä, the ‘mother’ of MaaS, explains this in a Contributors rather straight-forward manner: let us first merge underground, Merja Kihl bus, train, tram, taxi, ride sharing, and city bike services into one Ari Mononen Sami J. Anteroinen application in a smart phone – and then let companies compete Lutz Ehrhardt on who provides the total service to users fastest or cheapest. Language Editor The City of Espoo is on to something similar with School Dialog Designs as a Service (SaaS). SaaS revolves around shared resources, as well, adding flexibility and a good degree of planning into the Graphic Design Riitta Yli-Öyrä way schools use real estate and other assets today. Instead of looking at school as a ‘product’, one must glimpse beyond at Sales the service it offers – and could offer. Finland Mr. Paul Charpentier Aalto University is working on a sister concept to SaaS Phone +358 20 162 2220 and going corporate with its offering. ‘Building as a Service’ Sweden Mr. Johan Lindberg (BaaS) means that companies start thinking more and more in Phone +358 20 162 2280 the terms of service they receive and less in terms of ‘traditional’ Germany real estate. One indicator of this change is the rising popularity Mr. Lutz Ehrhardt of co-working; in the USA alone, there are currently 3.5 million Phone +49 40 367 311 people using co-working solutions. Cover Photo Strategic Horizons LLP And what is the next ‘as-a-Service’ (aaS), you may ask? Well, we don’t know exactly – but there’s probably something Printed by brewing with regards to the Six City Strategy. Targeting open and PunaMusta, January 2016 smart services, the six largest cities in Finland – Helsinki, Espoo, Vantaa, Tampere, Turku and Oulu – have joined forces with the Photographic and advertising material is sent at the owner’s risk. NORDICUM accepts no liability for goal of creating new know-how, business and jobs. loss or damage. NORDICUM promotes Baltic Sea area cooperation and free markets. NORDICUM is The strategy aims to not only produce service innovations, not affiliated with any political party or financial institution. but also to promote competitive business and employment. It’s based on open operating models that let the entire city commu- ISSN-L 1236-3839 nity participate in the development work – a very Finnish idea ISSN 1236-3839 (Print) if ever there was one. ISSN 2242-9603 (Online) www.nordicum.com So: until we hit Service as a Service (SaaS II), keep those innovations coming! Sami J. Anteroinen Editor-at-Large PubliCo Oy is a member of The Finnish Periodical Publisher’s Association 2 Nordicum Selection of references Annual Convention DEC 2015 NOV 2015 of Property Investment sold Prospects approx. 38 % in sold 2016 two office properties in Espoo rd 3 November for approx. € 190 million to to Hämeenlinna, Finland Advisor to the seller Advisor to the seller SEPT 2015 JULY 2015 Laura Properties B.V. sold sold a 35,000 sqm office a 70,000 sqm office and complex in Leppävaara, production property Espoo in Oulu Register at to to propertyinvest.fi Advisor to the seller Advisor to the seller Registration fee 1 350 € + VAT JUNE 2015 JUNE 2015 Early bird discount -20% until 10th June. established sold a € 652 million joint a portfolio of 1,200 venture company apartments The meeting point for with to decision makers in the real estate industry in Finland Advisor to Kesko Advisor to the seller Market participants have voted Advium the #1 real estate investment bank in Finland in 2015, 2014, 2013, 2012, 2010, 2008, 2007, 2006 and 2005. - Euromoney Real Estate Awards Advium Corporate Finance is the leading advisor in major real estate transactions in Finland. For more information: +358 9 6817 8900 www.advium.fi YIT is giving Central Pasila a beauty treatment that runs more Reaching for the sky, SRV is building landmark towers in both than skin deep. Pages 14–16. Helsinki and Espoo. Pages 24–25. 02 Editorial 06 Real estate sector needs to move from goods and services to experiences and authenticity 10 What is the relevance of Experience Economy in terms of real estate 12 The making of attractive city environments is not an exact science 14 YIT is seeking to re-energise Central Pasila with unprecedented retail reach 17 The Pasila – Vallila – Kalasatama “axis of growth” leads the urban revolution in the pocket-sized metropolis 22 Pasila: Common Agenda, United Front 23 ]THE ANGLE by Deputy Mayor of the City of Helsinki for City Planning and Real Estate, Anni Sinnemäki 24 Solidifying the urban structure is one way to build a more sustainable metropolis 26 Espoo is finally launching its long-awaited metroline 30 Powered by networks, Peab builds Business Gardens fully integrated into the community 32 Shopping centre Iso Omena – the commercial anchor of the surrounding Matinkylä community and beyond 33 ]THE ANGLE by Deputy Mayor of the City of Espoo, Olli Isotalo 34 The heart of Espoo Innovation Garden - Tapiola-Otaniemi-Keilaniemi area is standing on the brink of a brand new era 36 Tapiola is returning to its former glory as a wave of new construction hits Tapiola Centre 38 Laboratory for Learning – Opinmäki glimpses into the future of school 40 Espoo is championing a new ‘School as a Service’ concept 4 Nordicum Peab is changing the conventional business park mentality with Reshaping its communities, Vantaa is well on
Load more

Recommended publications
  • Finnish Shopping Centers 2020 Centers Shopping Finnish Finnish Councilfinnish of Shopping Centers • Suomen Kauppakeskusyhdistys Ry
    Succesful and evolving shopping center business – the beating heart of community! Menestyvä ja kehittyvä Finnish Shopping Centers 2020 kauppakeskusliiketoiminta – yhdyskunnan sykkivä sydän! Kauppakeskukset Finnish Council of Shopping Centers Annankatu 24, 2. krs. 00100 Helsinki puh. +358 9 4767 5711 www.kauppakeskusyhdistys.fi Finnish Shopping Centers 2020 Centers Shopping Finnish Kauppakeskukset Finnish Shopping Centers 2014 Centers Shopping Finnish Kauppakeskukset www.kauppakeskusyhdistys.fi Finnish Council of Shopping Centers • Suomen Kauppakeskusyhdistys ry Finnish Shopping Centers 2020 Kauppakeskukset 4 5 Introduction The Finnish Shopping Centers 2020 industry review transparency and knowledge of the sector among they are conveniently accessible. The business mix centers is as part of a community structure which is compiled by the Finnish Council of Shopping investors, customers, traders, and the main stake- changes constantly according to customer needs. is conveniently accessible. The key is to create rele- Centers. It provides a package of information on holders in the sector, both in Finland and abroad. Business proprietors are able to operate in an eco- vant spaces for people and to provide a community shopping centers for everyone interested in the logically and socially responsible way. The shopping hub. The ongoing trend is to provide non-retail uses sector. This is already the fourteenth annual review. Shopping centers are adapting to center business in Finland has reached its 30-year by increasing leisure in shopping centers and also Shopping Centers 2020 contains key figures about continuous change anniversary. It is not yet a mature sector, but it is in town centre regeneration. The mixed-use town the business sector as well as standardised intro- an area with continuous development.
    [Show full text]
  • FINEST BAY AREA DEVELOPMENT OY ENVIRONMENTAL IMPACT ASSESSMENT Finest Bay Area - Railway Tunnel Between Finland and Estonia
    FINEST BAY AREA DEVELOPMENT OY ENVIRONMENTAL IMPACT ASSESSMENT Finest Bay Area - Railway tunnel between Finland and Estonia The world’s longest railway tunnel project that uses private funding Finest Bay Area - Railway tunnel between Finland and Estonia The goal of the project is to construct an undersea railway tunnel between Finland and Estonia that serves both passenger and freight traffic and significantly reduces travel time between the countries. The travel time target between Helsinki Airport and Ülemiste airport in Estonia is approximately 20 minutes. The planned railway tunnel merges the Helsinki region and Tallinn into a single metropolis. The tunnel will connect Asia and Europe into a single hub for business, travel and traffic, since the tunnel project makes it possible to travel to Tallinn by train directly from Helsinki Airport. On the Estonian side, the possible connection with the Rail Baltica project will connect the region even more closely to Central Europe. Facts about the project • Tunnel length approx. 100 km. • The total cost of the project is estimated at EUR 15 billion. • The project is based on private funds. Control over the project company will remain in Finland, with project financing provided by international investors from all over the world. Equity will amount to 30% of the financing and 70% will be covered by debt. • At the moment, a one-way ticket costs 50 euros, a return ticket 100 euros and a yearly ticket 1,000 euros. Tickets are available from an online store: https://shop.finestbayarea.online/ • The project involves planning an artificial island which, according to the larger option, would enable real estate development on the island.
    [Show full text]
  • Application of the Republic of Finland for the Relocation of the European Medicines Agency to Helsinki TABLE of CONTENTS
    Application of the Republic of Finland for the relocation of the European Medicines Agency to Helsinki TABLE OF CONTENTS In safe hands 3 A SMOOTH TRANSITION 5 The new location of the European Medicines Agency 7 Continuity and a smooth handover 10 LIFE IN HELSINKI 13 Livable Helsinki 15 Easily accessible 17 Superb and internationally acclaimed education 21 Employment, social security and healthcare 26 A NEW CENTRE OF EXCELLENCE FOR THE PROTECTION OF HUMAN HEALTH 28 A strategic decision – EMA alongside ECHA 30 Helsinki – a hub for the life sciences 32 emahelsinki.fi 2 — Helsinki for EMA In safe hands The most crucial criterion for transferring the European Medicines Agency (EMA) to its new location is the ability to affect a smooth transition. To get the job done. Placing EMA alongside the European Chemicals Agency (ECHA) in Helsinki enhances the EU’s global regulatory competitiveness. Finland, simply stated, is known synergies to create a centre of Finland and the Helsinki region for its capacity to get the job excellence for the protection of possess top class expertise in the done. As a committed EU member human health. life sciences in terms of a high- and in our many roles on the glob- quality talent pool, world-leading al stage – from diplomatic conflict This decision is not a simple research, strong support servic- resolution initiatives to UN Peace- question of competition within es, and functioning networks of keeping missions – we are viewed the EU or among potential host collaboration among academia, as a partner to be entrusted with states. This is a global compe- industry and the public sector.
    [Show full text]
  • KTI Market Review Spring 2019
    KTI Market Review Spring 2019 The invested real estate market continues to grow Property transactions volume remains high Rental growth slowing down in the commercial property market Residential rents continue to increase KTI Market Review Spring 2019 Property transaction volume remains high in Finland. Investor interest is targeted at all sectors and regions. Foreign investor interest remains strong, but domestic players are also active in the transactions market. Strong investor demand and high development volumes contribute to the growth of the invested market. After a short break late in 2018, property yields have continued to compress. During the first quartile of 2018, transactions of the very best properties in the Helsinki CBD have been carried out at record low level yields. In addition to the Helsinki metropolitan area, yields have also decreased in the Tampere and Turku regions. Going forward, construction volumes are expected to decrease from their current high levels. However, commercial property stock continues to increase, as ongoing projects are completed in 2019 and 2020. In residential property development, the decrease in investor demand is slowing down the volumes from their record-high levels of 2018. Despite the decline, residential property construction volumes are expected to remain healthy. In the commercial property rental markets, the strong demand of the previous years is expected to slow down. In the Helsinki CBD, office rents continue to increase, but at a slower pace than in 2017 and 2018. The outlook in the retail market remains more negative, and rents are expected to remain stable in the best areas in Helsinki but to decrease in all other areas.
    [Show full text]
  • Annual Report 2016 NCSC Annual General Meeting, Stockholm, May 10 2017
    Annual Report 2016 NCSC Annual General Meeting, Stockholm, May 10 2017 NCSC mission statement and basis for work NCSC is the most professional, engaged and involved association within the shopping centre industry in the Nordic countries, including all shopping formats, all locations and all professions, directly or indirectly engaged in shopping centres. NCSC is the best network in the industry, has a high visibility and creates the best activities. The purpose of NCSC is to advance the shopping centre industry and to promote its role in relation to other industries and to the society. In 2010 a Business plan was adopted, stating the activities necessary to achieve the mission. This business plan has been the steering document for the work within NCSC since then and reviewed annually. Membership at year-end Companies Companies Companies Companies Individuals Individuals Individuals Individuals Country 2013 2014 2015 2016 2013 2014 2015 2016 Sweden 228 190 205 181 598 582 628 584 Norway 111 130 134 121 345 361 378 340 Denmark 44 44 41 41 97 89 88 71 Finland 24 24 35 41 68 65 114 133 Others 4 4 8 10 18 15 21 24 Total 411 391 423 394 1126 1112 1229 1152 Companies=total number of membership companies. Individuals=total number of persons included in all the membership companies. Revenues NCSC has three sources of revenue: membership fees, partner/sponsorships and surplus from events. The prices of membership were slightly increased 2016. Partner/Sponsorships have continued to grow throughout 2016. NCSC wishes to express a deep gratitude towards the different companies that are supporting us in our work.
    [Show full text]
  • Väylät & Liikenne Virtuaalitapahtuma 15.-16.3.2021 Esitelmätiivistelmät
    Väylät & Liikenne Virtuaalitapahtuma 15.-16.3.2021 Esitelmätiivistelmät 2021 Väylät & Liikenne 2021 14.3.2021 Esitelmätiivistelmät| Väylät & Liikenne 2021 Sisällys 1.Maanantai 15.3.2021 ............................................................................................................................... 6 Liikennejärjestelmän kokonaiskuva ............................................................................................ 6 Metsäranta Heikki, Ramboll Finland Oy: Liikennejärjestelmän työmarkkinavaikutukset ja niiden arviointi .................................................................................................................................... 6 Rantala Jarkko, WSP Finland Oy: Rautatieliikenteen uusi aika – rataverkon kokonaiskuva tulevaisuuden toimintaympäristössä ................................................................................................ 11 Hokkanen Joonas, Ramboll Finland Oy: Aluetaloustieteen menetelmät liikennejärjestelmän vaikutusten arvioinnissa .................................................................................. 13 Raninen Mikko, Sweco Oy: Infrastruktuurin hiilipäästöt - avain ilmastokriisiin? ............. 14 Wood Päivi, keskuskauppakamari: Miten suomi menestyy kansainvälisesti ................... 16 Hievanen Sauli, Miltton Networks: Sipilän ja Marinin hallitusten liikennepoliittinen perintö 17 Liikennealan osaaminen ............................................................................................................ 18 Liimatainen Heikki, Tampereen yliopisto:
    [Show full text]
  • JLL Nordic Outlook JLL Nordic Outlook
    JLL Nordic Outlook Focus: Living Flexible office space Autumn Spring2019 2019 Property Data Definitions Prime Office Rent Prime office rent refers to the optimum open-market rent level that can be expected for a notional office unit of the highest quality and specification in the best location in a specific market or submarket on the survey date (normally at the end of each quarterly period). Prime office rent is normally based on prime units of over 500 sq m of lettable floor space and does not include prime rents for smaller floor spaces. Prime rent refers to occupational lease that are standard for the local market. A face rent, on the other hand, does not take the financial impact of tenant incentives into account, and excludes service charges and local taxes. It represents JLL’s view of the market and is calculated on the basis of an analysis/review of actual prime office space transactions, not including any unrepre- sentative deals. Prime Yield Prime yield refers to the optimum (i.e. lowest) “rack-rented” yield that can be expected for a notional office property of the highest quality and specification in the best location in a specific market or submarket on the survey date (normally at the end of each quar- terly period). The property should have been let at the prevailing market rent to a first-class tenant with an occupational lease that is the standard for the local market. The prime initial net yield, i.e. the initial net income at the date of acquisition, is quoted as a percent- age of the total acquisition price, which includes acquisition costs and transfer taxes.
    [Show full text]
  • Dear Madam and Sirs, Finnish Taido Association Official Invitation to The
    Page 1 / 11 Official Invitation to the WTC2013-Event Date: January 2013 To: Taido Soke Taido Hon’in Board of the WTF Presidents and chairmen of the National Taido Associations From: World Taido Championship Organising Committee Dear madam and sirs, This is the official invitation to the World Taido Championship. We have gathered you some detailed information about the event. FTA reserves the right to make small changes. This information package is to help You planning (flights etc.) your trip to Finland. We hope that you would inform your National Taido Association and all its members about this event. We hope that taidokas from every part of the world will meet next summer here in Finland. On behalf of the World Taido Championship Organising Committee, Finnish Taido Association Sera Kaukola Brand Manager Tel: +358 – 50 – 542 3431 E-mail: [email protected] or [email protected] Address: Radiokatu 20 00093 SLU FINLAND Page 2 / 11 General Information Finland and Helsinki The tourist season in southern Finland and the Lakeland is from early June to late August. This is when all attractions and summer accommodation options are open, steamboats and ferries ply the lakes and rivers and festivals are in full swing. Things are at their busiest during Finnish holidays, typically from the summer high season in late June until the end of July. This is the time of long, light nights, when Finland doesn't seem to sleep. Helsinki is unique among Northern European cities. The lifestyle in the second-most northern capital city in the world is full of contrasts and activities in the form of hundreds of events and friendly people.
    [Show full text]
  • HELSINKI Cushman & Wakefield Global Cities Retail Guide
    HELSINKI Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Helsinki | 2019 0 Helsinki is the capital of Finland and the largest and most important city in terms of commerce and trading. Helsinki is surrounded by Espoo, Vantaa and multiple other smaller cities, together they are usually referred to as the Helsinki Metropolitan Area (HMA). The population of HMA is about 1.5 million. Helsinki itself sets the tone to the Finnish economy and to all other Finnish markets. With broad avenues, grand architecture, well-tended parks and no high-rise buildings, Helsinki is a beautifully planned 19th Century city, but one that retains a small town feel. It is arguably closer in atmosphere and appearance to the major cities of Eastern Europe than those in the West, but it has the typically safe and clean reputation of a Scandinavian city. The main shopping areas in Helsinki CBD are located in high streets such as Pohjoisesplanadi, Mannerheimintie, Keskuskatu, Aleksanterinkatu, and Mikonkatu. There are also several large shopping centers located very centrally. Rental levels in these retail areas are the highest in Finland. Due to the weather conditions, shopping centers are very popular in Finland. HELSINKI OVERVIEW Cushman & Wakefield | Helsinki | 2019 1 HELSINKI KEY RETAIL STREETS & AREAS ESPLANADI AND MIKONKATUIn the very ALEKSANTERINKATU center of Helsinki, the Esplanadi area consists of two Aleksanterinkatu is one of the main retail streets in streets, Pohjoisesplanadi and Eteläesplanadi, northern Helsinki. Stretching from Mannerheimintie to Senate’s and southern side of the Esplandi. It has several coffee Square, the famous Stockmann department store is shops and a beautiful park which is always full of people located here along with other retailers such as Peak especially during summer.
    [Show full text]
  • Mediakortti Kauppakeskukset
    Yellowtab Mediakortti kauppakeskukset Yellowtab Yellowtab mediakortti - Parturikampaamot Yellowtab mainonta kauppakeskuksissa • 15 postinumeroaluetta PKS-alueella • 110 000 potentiaalista asiakasta • 7,6 miljoonaa mainostoistoa • Jopa yli 12.000 mainos klikkausta Yellowtab Yellowtab mediakortti - Parturikampaamot Jumbo 01510 Martinlaakso 01620 Malmi Kerava 00700 Myllypuro Sello 00920 02600 Columbus Ruskeasuo 00980 Entresse 00280 02770 REDI 00580 Nihtisilta Itis 02630 00930 Tripla 00520 Keskusta 00100 Iso Omena 02230 Yellowtab Yellowtab mediakortti - Kauppakeskukset Mainosbanneri • kuvan leveys 980 ja korkeus 120 pikseliä ja tiedoston maksimi koko 300kb. • Formaateiksi kelpaavat joko png tai jpg. • Tukee myös gif- animaatiota. Gif- animaation maksimi pituus on 5 sekuntia • Toimita url sekä kuva- aineiston mukana • Fyysinen koko on noin 20cmx2,5cm Yellowtab Kohderyhmä 00100 Helsingin Keskusta Bruttokontaktit kk • 6 150 (OTC) • Mainostoistot kontakteille 307 500 Keskimääräinen viipymä • Miehet 40 min • Naiset 90 min Forum on yksi Suomen • Lapset 30 min vetovoimaisimmista kauppakeskuksista. Koko korttelin kokoinen Forum tarjoaa laajan valikoiman liikkeitä, palveluita Asiakasprofiili sekä toimistotiloja. Väkiluku 18 427 Keskitulo: 42 k€ Stockmannin tavaratalossa on kaksitoista kerrosta, joista kolme Ostovoima: 10 k€ sijaitsee maanpinnan alapuolella. Stockmannin tavaratalo sijaitsee 47 53 Helsingin ydinkeskustan vilkkaimpien katujen risteyksessä, osoitteessa Yellowtab Aleksanterinkatu 52. Kohderyhmä 00280 Ruskeasuo HKI Bruttokontaktit kk • 1
    [Show full text]
  • The Finnish Property Market 2014 1 the Finnish Property Market 2014 Contents
    The Finnish Property Market 2014 1 The Finnish Property Market 2014 The Finnish Property The Finnish Property Market 2014 Contents Preface 7 Basic facts about Finland 8 1 The Finnish economy 8 1.1 The structure of the economy 8 1.2 Finnish public finances 10 1.3 Outlook for the Finnish economy 12 1.4 Finland’s international competitiveness 14 2 Institutional aspects of the Finnish property market 15 2.1 Two forms of property ownership 15 2.2 Market practices of property investment and renting 17 2.3 Planning 19 2.4 Taxation in Finland 21 2.5 Legislation for indirect property investment 25 3 Structure and players in the Finnish property market 27 3.1 Ownership structure 27 3.2 Real estate service sector 37 4 Property sectors: investment performance, market structure and practices 39 4.1 Property investment market in 2013 39 4.2 The office market 41 4.3 The retail market 46 4.4 Rental residential sector 49 4.5 Healthcare properties 54 4.6 Industrial / logistics market 55 4.7 Hotels 57 5 Property markets in different regions – outlook for 2014 58 5.1 The Helsinki metropolitan area 58 5.1.1 Helsinki 61 5.1.2 Espoo 64 5.1.3 Vantaa 65 5.2 Other growth centres: Tampere, Oulu, Turku, Jyväskylä, Kuopio and Lahti 67 The sponsors of this publication 72 Key terminology 74 Preface The Finnish Property Market 2014 aims to satisfy the This publication is sponsored by 10 companies information needs of international investors and other representing the Finnish property investment, development, players interested in the Finnish property market.
    [Show full text]
  • Financial Statements Bulletin 2016
    Financial Statements Bulletin 2016 1 | Financial Statements Bulletin 2016 | Financial Statements Bulletin 2016: Turn to growth, the apartments and large projects as the growth engine Unless otherwise noted, the figures in brackets refer to the corresponding period in the previous year. Segment reporting, POC Residential projects for consumers recognised as income in line with sales and construction1 October–December January–December Revenue increased by 10% to EUR 513.7 (468.5) Revenue increased by 8% to EUR 1,783.6 (1,651.2) million. At comparable exchange rates, revenue million. At comparable exchange rates, revenue increased by 9%. increased by 9%. Adjusted operating profit amounted to EUR 28.7 Adjusted operating profit amounted to EUR 79.9 (16.6) million and adjusted operating profit margin (76.0) million and adjusted operating profit margin was 5.6% (3.6%). was 4.5% (4.6%). In October-December 2016, there were no EUR -27.0 (-10.4) million adjustments were booked adjustments. in the period. Order backlog decreased by 1% from the end of Operating cash flow after investments amounted to September, amounting to EUR 2,613.1 million. EUR -43.1 (183.7) million. Operating cash flow after investments amounted to Board of Directors proposes a dividend of EUR 0.22 EUR -21.4 (43.4) million. (0.22). Group reporting, IFRS Residential projects for consumers recognised as income upon completion1 October–December January–December Revenue increased by 3% to EUR 525.0 (511.6) Revenue decreased by 3% to EUR 1,678.3 million. (1 732.2) million. Operating profit amounted to EUR 25.3 (28.4) Operating result amounted to EUR 17.7 (81.6) million and operating profit margin was 4.8% million and operating profit margin was 1.1% (5.5%).
    [Show full text]