Business Premises at Fab9 Soon to Be Customized for New Tenants
Metso headquarters leave Fabianinkatu 9 in Helsinki due to change in business strategy. Group's project director highlights the property that housed its management for nearly 20 years.
Metso sold its headquarters building to Genesta Nordic Baltic Real Estate fund in July 2016. Metso continues operations in the property on a lease until December 2016, after which they move to renovated premises located in Sanomatalo in the core of Helsinki. After the move, Fab9 will be renovated and customized into modern offices. Genesta estimates that future tenants can move in before the summer of 2018.
Project director at Metso Juha Seppälä thinks Fabianinkatu 9 is an excellent location. It has been safe and easy for their employees who live near the center to walk to work. There are plenty of parking spaces for those who commute by car, and additional parking space is available in the Q-Park cave at nearby Kasarmitori. The property has satisfied Metso’s need for space with wide and spacious office rooms. Although the building was designed 50 years ago, it encompasses an elevator in each corner, and the premises can be effectively divided into separate units. In 20 years Metso has learned to appreciate Fab9’s quality of construction and facility management. Anything that needed to be fixed has been taken care of.
“The best square meters are being booked right now,” says Lena Schreiber, Investment Manager at Genesta. Those who make the lease decision early get to influence final floor plans and interior design, she points out. The larger the premises, the earlier the company needs to start planning their move. Usually defining the criteria and looking for new premises takes about one year.
Metso has premises all over the world. It is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. Products range from mining and aggregates processing equipment and systems to industrial valves and controls. Customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,400 services professionals focusing on safety.
Metso employs over 12,000 persons in more than 50 countries in 192 offices. In Finland, Metso employs about 2000 persons. Juha Seppälä’s duty is to tackle Metso property data on a global level: the locations, ownership, leases, and leasing periods.
For more information about the property:
Interviewee: Juha Seppälä, Metso Oyj, Property Management
For more information about leasing:
Lena Schreiber, Investment Manager, Genesta,
Tel. +358 50 350 59 81, Lena.Schreiber@genesta.fi