Trevian selected as asset manager for the legendary Iso Paja in Pasila, Helsinki
Trevian Asset Management has signed an agreement on asset management of Iso Paja, located in Helsinki. Completed in 1993, Iso Paja is one of the most legendary landmarks in western Pasila. The collaboration between Trevian and the property owners aims to develop the architecturally unique Iso Paja further and revitalize the user experience.
Trevian’s new partners and owners of Iso Paja include the Finnish Broadcasting Company’s Pension Foundation, which purchased the property from the Finnish Broadcasting Company (YLE) in 2016, and the Pharmacy Pension Fund (Finland) and Suomen Ässä-Asunnot Oy. Until 2017, Iso Paja served as the headquarters of YLE. Iso Paja is remembered for, e.g., the broadcasted national election events held on the premises for more than 15 years. The building has been the VR Group’s head office since 2018.
The building has approximately 18,000 m2 of leasable space and has been awarded a BREEAM rating that measures its eco-efficiency. In the future, Trevian will be responsible for leasing the Iso Paja and developing the property in cooperation with the property owners.
“Iso Paja is an impressive property for us. The property is unique in its location and architecture. A significant part of our role as asset managers is to animate it further, considering the new challenges for work. Continuing ESG work and streamlining processes are key areas for development. Above all, our task is to take full care of the property freeing the owners’ resources from property management to their core functions”, says Elisa Loitto, Business Director of Trevian Asset Management.
Elements of the workday experience will play a significant role in Trevian supporting the owner in planning and implementing future changes.
“Workday experience is at the heart of Iso Paja’s development, as is enabling interaction – ensuring that it is always good to come to the building. In addition to the development of office space, our professional skills as asset managers focus on strengthening the general capabilities of properties as enablers of well-being and community”, says asset manager Mari Mannila from Trevian.
“Iso Paja is known as a place for active discussion inside and outside the office space. Therefore, we want to develop Iso Paja not only in terms of work efficiency and property management processes but also in terms of community and user experience. In this task, we rely on Trevian’s expertise and high-quality approach without forgetting our responsibility goals”, says Antti Jäntti, the Pharmacy Pension Fund representative.
Trevian Asset Management is a Finnish investment and asset management company specializing in commercial and residential properties. The company was established in 2012 and is owned by its key personnel. The company produces actively managed real estate equity funds and asset management services optimized for its customers. The services are focused especially for institutional real estate investors, banks, and other professional investors. Trevian’s assets under management near 1.0B€. www.trevian.fi/en/