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Asset Acquisition

Satamakatu 3

Residential Helsinki

From vacated offices to a high-performing residential development, sold in record time.

Satamakatu kiinteistön julkisivu

Satamakatu 3

Trevian advised AXA on the residential conversion of the former Kesko HQ. The rezoned building in a prime Helsinki location faced challenges including office-to-residential conversion risks and coordination with other developers. Trevian secured a more efficient building permit, increasing units from 51 to 65 with higher €/sqm prices.

The project resulted in 65 high-end residences, a 670 sqm grocery store with a 15-year lease, and 50 underground parking spaces. Trevian also managed the construction selection, negotiated a Design-and-Built contract, and supervised the turn-key project, while overseeing apartment sales and the grocery lease.

“From vacated offices to a high-performing residential development, sold in record time.”

CONTACT

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Our experts are happy to tell you more about the project’s background, implementation and results. Get in touch to discuss the project in more detail.

Elisa Loitto

Elisa Loitto / Head of Asset Management, Partner