The Finnish Property Market 2012 - KTI

6.2 Other growth centres: Tampere,
Turku, Oulu, Kuopio, Lahti and Jyväskylä
Tampere
Location: 170 km north of Helsinki; the biggest inland
city in the Nordic countries
Population: Tampere: 215,000
Tampere region in total: 350,000
Tampere is the largest inland city in the Nordic countries.
Tampere is an old industrial city that has recently attracted
high technology businesses as well as service companies.
Technology expertise areas in the Tampere region include
information technology, machinery and automation, as well
as healthcare technology. The muncipalities in the Tampere
region pursue active co-operation in developing the business
environment in the area.
Tampere is the most active property market area outside
the Helsinki region, which has attracted both domestic and
international real estate investors. The investment market
was, however, very quiet in 2011, with only a few transactions
reported in the entire year. In all of the acquisitions, the
buyer was a domestic player. One new office building was
completed in the city centre in 2011. Retail supply was
extended by two redevelopment projects in the centre, as
well as by the completion of a new hypermarket property in
Lielahti and a retail centre in Nokia. There are currently four
office projects under construction in different parts of the
city, as well as two new hotel projects in the city centre.
In addition to the city centre, modern office space is found
in the areas of Hatanpää, Tulli and Kauppi. In the best office
premises, rental levels exceed €20 per sqm. Office supply in
the Tulli area has been extended recently by the construction
of the Tulli Business Park. Tampere is also known for its
redeveloped industrial properties, both for office and
residential use, in the city centre and the immediate vicinity.
The amount of vacant space has remained moderate despite
of new supply.
Hervanta is a developing area in the neighbourhood
of the Technical University of Tampere located at some
distance from the city centre. Technopolis is the main
investor in the area, where it is currently developing another
office property.
“Major development
plans in Tampere are
waiting for improving
business conditions”
The most expensive retail space in Tampere is situated
along the main street, Hämeenkatu, and in the Koskikeskus
shopping centre next to the main street. In Koskikeskus,
there is currently a redevelopment and extension project
underway, where the retail space will be increased by
1,500 sqm. In the Ratina area, next to Koskikeskus, Sponda
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The Finnish Property Market 2012
Photo: Skanska / Pauliina Munukka