Technopolis buys Tohloppi office in Tampere

Finnish listed property company Technopolis and Finland’s national public broadcasting company Yle have signed a contract to acquire the Yle Tohloppi complex in the Finnish city of Tampere. The total investment is around EUR 23.3 mln, including a 4% transfer tax.

The land plot is owned by the City of Tampere with a 50-year lease that has been transferred to Technopolis as part of the deal. Its size is 85,000 m² and rentable space is approximately 32,000 m². The land has approximately 15,000 m² in building rights.

Yle and the Tampere University of Applied Sciences (TAMK) will stay on as tenants with 20-year leases. For the first two years the minimum occupancy rate will be 100% after which it will decrease gradually to 81.4% in year 11 of the lease where it will remain until the lease ends in 2032.

The parties aim to fill freed up space with new media customers and create a dynamic multimedia campus. So far, 40 companies have signed expressions of interest in the campus.