Suohki, a Finnish social infrastructure company owned by Nordic infrastructure manager Infranode, is acquiring a planned educational and research facility from NCC Property Development for SEK900m (€82m).
The 13,750sqm facility will primarily function as a high school, with the City of Espoo leasing the majority of the premises under a 20-year agreement.
Construction is scheduled to begin in spring 2025 and is expected to be completed by mid-2027.
Samuli Kivipelto, investment manager at Infranode, said: “This investment is an excellent addition for Suohki, which focuses on providing high-quality social infrastructure with an emphasis on sustainability to, among others, municipalities and regions in Finland.
“As a long-term and responsible partner in essential infrastructure, we look forward to supporting the continued development of Espoo.”
Sampsa Apajalahti, CEO of Suohki, said: ”This acquisition enhances our position as a long-term partner in essential social infrastructure, such as schools, and we look forward to contributing to the local educational network in Espoo.
“We appreciate the project’s high ESG standards and are committed to continueing our growth in providing high-quality facilities meeting tailored requirements of our clients, like municipalities and wellbeing services counties.”
Joachim Holmberg, head of NCC Property Development, said: “With this project start, we are creating a new interface between the private and public sectors, combining different activities under one roof. I am pleased that Infranode and Suohki as investors and the City of Espoo as a tenant share our vision.”
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