2023-07-21 06:00Press release

Niam acquires a brand new office building in Helsinki from Ylva

Image: Ylva / Cederqvist & Jäntti ArchitectsThe facade of Lyrra. Image: Ylva / Cederqvist & Jäntti Architects

The joint venture between Ylva and pension insurance company Varma has sold an office building located on the Lyyra block in Hakaniemi, Helsinki to Niam.

The Lyyra block is a new hybrid block being built in Hakaniemi and will include a hotel, offices, restaurants and residential units. The block consists of two buildings located on the opposite sides of Siltasaarenkatu. The office building Niam acquired was completed in February 2023.

Lyyra office building has approximately 8,700 sqm leasable area. In addition to office space the building has several restaurants, grocery and direct access to Hakaniemi Metro station once the new entrance is taken into use in Autumn 2023.

Hakaniemi is located very close to Helsinki CBD with excellent public transport connections. The area is known as vibrant and trendy neighborhood with office, residential, restaurant and cultural premises. Hakaniemi has a great location right between Kalasatama and Helsinki CBD and the large bridge construction project “Crown Bridges” will connect Hakaniemi to eastern Helsinki residential areas.

During the development of Lyyra sustainable construction methods have been used and solutions aimed at increasing inclusivity, reducing carbon emissions, and utilising the circular economy have been explored. In its operational phase, Lyyra is entirely carbon neutral.  A LEED Platinum certification will be sought for Lyyra and also WELL certification will be sought for the office building to testify to its excellent health and wellbeing features.

"The Lyyra office building offers great premises to tenants and, thanks to its good quality, fits our high sustainability goals very well. We are happy to join the Lyyra quarter, which will be a wonderful addition to the developing Hakaniemi area", says Antti Muilu, country manager for Niam Finland.

“Our goal in the Lyyra project has been to build a maximally sustainable science and commerce block that will serve the people of Helsinki for at least the next 150 years,” says Ylva’s Real Estate Director Ville Vaarala.

Further information:
Antti Muilu, Country Manager of Niam Finland
+358 40 749 8283, antti.muilu@niam.com

Ville Vaarala, Real Estate Director Ylva
+358 40 569 0699, ville.vaarala@ylva.fi

About Niam AB

At Niam, we are committed to equity in action – as a leading real asset manager in northern Europe, we make a meaningful difference by putting capital to work. Building on more than 25 years of trusted experience and outstanding track record, we unite leading expertise to unlock smarter investments in real estate, infrastructure and credit strategies. We are a team of specialists with a passion to perform. While delivering better solutions for our stakeholders, we also thrive in creating sustainable value in our surrounding local communities. Niam has offices in Stockholm, Helsinki, Oslo, Copenhagen and Luxembourg. For more information, please visit www.niam.com


Antti Muilu
Country Manager Finland
Antti Muilu