The real estate market in popular urban areas can be developed by renovating existing properties into premises which fulfill the present-day requirements. Renovation and circular economy also enable reduction of energy and material related CO2 emissions created by the industry, states NCC’s Property Development organization in Finland.
“More and more companies looking for new premises want to be located in places where there is less and less space available. Even property investors are interested in renovated properties when the construction work has been done well and the completed spaces are as good as new and able to fulfil modern sustainability values and quality requirements”, says Teemu Rämö department manager at NCC Property Development in Finland.
NCC in Finland has developed the former KY Building into a new property called Kulma21. After its completion next summer, Kulma21 will be the first renovated property in Finland which has reached BREEAM rating Excellent by the latest environmental rating criteria for renovations.
“In addition to BREEAM Excellent, the targets for all our new building and renovation projects include energy class A, a 50% reduction of material emissions during the period 2020–2030, and compliance with the EU taxonomy. We strive to promote low-carbon choices from the point of view of energy and material consumption as well as investigate possibilities to reuse materials from demolition projects and use recycled materials in new building projects, NCC Property Development’s Sustainability and Innovation Skipper Eelis Rytkönen says”.
During the week NCC joined the conversation at the real estate and investor event Business Arena Helsinki, focusing on the renovation theme. Teemu Rämö and Eelis Rytkönen participated in the discussions ”Creating value with Sustainable Renovation” and ”What’s the next step in the digital evolution and PropTech arena?”. NCC also deployed circular economy thinking at Business Arena Helsinki by constructing their stand mainly from recycled materials from an ongoing construction site of Niittyportti Family Center located in Espoo.