21.06.2023 

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Trevian to lead central residential development in Helsinki CBD

Trevian Asset Management leads a central residential development in Helsinki CBD, in the southern part of Kallio, next to the City Theatre and the Deaconess Institute. The previous municipal office building is planned to be partially replaced with family apartments in a park-like setting with beautiful views. Trevian will carry the project forward with the Finnish Municipal Foundation and present the plan to the local Helsinki population for discussion and feedback.

The owner of the property, the Finnish Municipal Foundation, has proposed to develop the block for office and residential use. The site is occupied by the Municipal House, an office building built in the early 1980s with ample office and meeting space. The zoning amendment would involve renovating the Municipal House and building new buildings.

The green and welcoming Municipal House block of the future will bring family housing and modern office space to the area.

– Adding family housing in the Kallio area is necessary for the development of the city centre. Strategically, this is the general direction many major cities are taking. Trevian has been involved in developing several challenging real estate projects in the Helsinki metropolitan area in recent years, and Kuntatalo is a fascinating building in a valuable setting; its preservation and development are particularly inspiring, says Kim Särs of Trevian.


Trevian Asset Management is a Finnish investment and asset management company specializing in commercial and residential properties. 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 1.2B€. www.trevian.fi/en

For more information, please contact:

Kim Särs

Kim Särs

+358 40 501 9981

kim.sars@trevian.fi