SRV to build a 101-unit apartment building for the City of Helsinki’s Housing Production in Verkkosaari, Helsinki

SRV GROUP PLC     INVESTOR NEWS           28 JUNE 2023  15:50 EEST

SRV to build a 101-unit apartment building for the City of Helsinki’s Housing Production in Verkkosaari, Helsinki

SRV and the City of Helsinki’s Housing Production (ATT) have signed an agreement for the construction of a 101-unit residential building in Verkkosaari, Helsinki. The contract is worth around EUR 23,8 million (incl. VAT 24 %) for SRV. The project will be entered into SRV’s order backlog in June 2023. 

A total of 101 rental units will be built for Helsingin kaupungin asunnot Oy. Twenty units in two stairwells will be special apartments. In addition to the residential units, the ground floor of the seven-storey building will house three sets of commercial premises and communal areas serving the special apartments.

The building is being constructed in Verkkosaari, one of the residential areas in Kalasatama. Construction will begin in September and is currently scheduled for completion by summer 2025.

“This project is an excellent continuation to our other projects in the Kalasatama area, whose development SRV has been highly involved in. SRV’s housing production focuses on growth areas with excellent transport connections, and Kalasatama is another great example of this. In addition to our own housing production, we are implementing a variety of other housing projects, such as ARA-funded rental housing for the City of Helsinki,” says SRV’s Jorma Seppä, Senior Vice President, Housing, Helsinki metropolitan area.

The project focuses on lifecycle-wise energy solutions.

"Housing production implements its newest projects in an energy-wise way, equipped with a geothermal system and solar panels. In the Kalasatama area, several Housing production’s sites are being built for rental, right-of-occupancy and ownership use," says Merja Rukko, new housing production unit manager from ATT.

Additional information:
Jorma Seppä, SVP, Housing, Helsinki Metropolitan area, SRV, tel. +358 (0)40 727 3771, jorma.seppa@srv.fi
Heidi Tetteh, Communications Manager, SRV, tel. +358 (0)40 662 3220, heidi.tetteh@srv.fi 
Merja Rukko, New housing production unit manager, City of Helsinki, Housing Production (ATT), tel. +358 (09 310 20576, merja.rukko@hel.fi

Image used in the bulletin: Arkkitehtuuri- ja muotoilutoimisto Talli Oy, SRV


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SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes the wellbeing of both the environment and people into consideration. We call this approach lifecycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter – and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion. 

Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2022, our revenue totalled EUR 770.1 million. In addition to approximately 1,000 in-house staff, we have a network of around 3,800 partners. 

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