The Economic Development Sub-committee of the Helsinki City Board decided at its meeting of 11 May 2020 to reserve a site in Hietalahdenranta to HGR Property Partners Oy for the development of an office construction project and for further evaluation of the conditions for implementation. HGR Property Partners Oy is a Finnish real estate investment and development company, which invests in real estate and in development projects in the Helsinki region.
The area around the square of Hietalahdentori is a densely built location. New development projects will put further emphasis on the location. The new housing areas of Hernesaari, Telakkaranta and Jätkäsaari will increase the numbers of area users, and other local development projects will raise the area’s profile, including new uses of properties freed from Metropolia University of Applied Sciences and the Guards Hospital Quarters (Kaartin lasaretti). Hietalahdenranta is one of the main gateways into Helsinki from the west. Today the environment is largely dominated by traffic and transport, and the number of vehicles in the area is forecast to grow in the future.
Planned activities include a study of the area’s development potential and a proposal for the volume and location of infill office construction. HGR Property Partners proposes in its application for a development reservation that vehicle traffic be conducted in accordance with the Hietalahdenlaituri plan. The new traffic and transport solution would allow the Hietalahdentori square and the Hietalahti basin area to be developed on the conditions of pedestrians and for various recreational uses and events. Thus the local waterfront could have a new unbroken walking and cycling route.
The development reserve will be effective until 31 December 2022 and includes other conditions. For example, new construction should be for office uses, and residential uses are not permitted. New construction should comply with the principles of the Carbon-neutral Helsinki 2035 programme. The sites to be zoned in the area will likely be handed over by selling them. The method and conditions of handover will be decided on later. Interaction in the planning and design will be rendered an increasingly multi-step process.
At its meeting of 11 May 2020, the City Board’s Economic Development Sub-committee also considered a situation report on the City’s activities for businesses prompted by the Covid-19 pandemic and noted having received and considered the situation report. The sub-committee noted a report on the activities of the City for businesses completed by 6 May 2020.
The agenda of the City Board’s Economic Development Sub-committee is available here (in Finnish).
Economic Development Sub-committee