SRV GROUP PLC INVESTOR NEWS 9 MAY 2018 at 3.20 pm
SRV begins construction of Supercell's new headquarters in Jätkäsaari, Helsinki
Building work for the Wood City wooden quarter project, developed by SRV, is underway in Jätkäsaari, Helsinki. On 9 May, SRV and Supercell signed the final agreement for the purchase of an office building and car park in Wood City. Construction work will begin with excavation and earthworks, and preparatory work will commence immediately. The contract will be entered in SRV’s order books for the second quarter. The final sale price will not be published.
"Wood City will be a unique wooden quarter, which is centrally located in Helsinki and combines design, sustainable development, urban community and good transport links. The agreement now signed with Supercell gives the project the expected ‘go-ahead’ and the construction of office buildings will also move into full swing," says SRV’s Juha Toimela, Director of Operations in Finland.
The wooden quarter will consist of an eight-storey office building, a hotel, two apartment buildings owned by Helsingin Asuntotuotantotoimisto (ATT), and a shared three-storey parking facility. Wood City’s architecture will create a modern and harmonious cityscape, in which the diversity of this hybrid quarter will be clearly visible at street level.
”We wanted a permanent home for Supercell in Helsinki, a place where we can make games for decades to come. Wood City provides us with a unique opportunity to design the perfect premises to suit us and our culture. Our goal is to make these premises and surroundings into the best possible place to create games,” says Supercell’s CEO, Ilkka Paananen.
Intense investor and operator negotiations are still ongoing for the hotel planned for the Wood City quarter. The construction of ATT’s apartment buildings began at the turn of 2015–2016, and they are scheduled for completion in late 2018. According to current estimates, the Wood City quarter is scheduled for completion in stages during 2020. The total value of the Wood City quarter is about EUR 100 million.
Additional information:
Juha Toimela, Director of Operations in Finland, +358 40 594 5473, juha.toimela@srv.fi
Päivi Kauhanen, SVP, Communications, +358 50 598 9560, paivi.kauhanen@srv.fi
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