Capman Nordic Real Estate is to develop a 150-room luxury hotel in central Helsinki.
Capman Nordic Real Estate is to develop a 150-room luxury hotel in central Helsinki.
The 5-star St George hotel will be located in Yrjönkatu 13, a landmark building dating from the 1890s next to the Old Church Park in the Finnish capital.
The hotel will be operated by Kämp Group, a Finnish luxury and lifestyle hotel operator. The amenities will include a spa area with a swimming pool, a restaurant, a cocktail bar and a winter garden located in the inner courtyard.
Yrjönkatu 13 comprises 10,200 m2 of space and has been used as office space since the 1970s. However, the most striking section of the building was completed in 1890 and originally designed for residential use by architect Onni Tarjanne, who also designed many other landmark buildings in Helsinki, including the Finnish National Theatre.
Capman Nordic Real Estate fund has signed a long-term lease agreement with Kämp Group, the leading Finnish luxury and lifestyle hotel operator. The building will be completely renovated and the new St George hotel will open for public in summer 2017.
Yrjönkatu 13 is the CapMan Nordic Real Estate fund's 14th investment overall and its third in Finland.
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Hotel special
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PropertyEU's December 2015 edition features a special report on the European hotel investment sector.
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