NCC sells the Keilaniemi Next office building in Helsinki, Finland to Warburg-HIH Invest Real Estate

NCC has sold the office building Next, which will become the headquarters of Fiskars Group when finished in late 2021, to a fund administered by German Warburg-HIH Invest Real Estate (Warburg-HIH Invest).

Illustration: SARC Architects

- In Keilaniemi Next, we have worked closely together with all parties to develop an office project with a modern and sustainable working environment. Warburg-HIH Invest has chosen this project as its first investment coming back to Finland and we are very excited about our collaboration, says Petri Bergström, Head of NCC Property Development Finland.

- We have chosen this investment because of the location, which is already a home to numerous top Finnish corporations, because of the future vision of a work, live and play environment which is today already tangible and because of Fiskars Group, which is a true global player with a strong brand and product portfolio. We believe that in these turbulent times NCC has the capability to complete the development within time and budget. We are extremely happy with this transaction and are planning to grow our portfolio in the Nordics, says Matthias Brodesser, Head of Transaction Management International at Warburg-HIH Invest.

The design for Keilaniemi Next was based on creating an inspiring and unique office building, which will serve as an architectural landmark for those arriving in Keilaniemi from the ring road Kehä I. The Keilaniemi district is located in Espoo, which is the second largest and fastest-growing city in Finland and is part of the Finnish Capital Region around Helsinki. When the building is completed in late 2021, it will become the headquarters of Fiskars Group.

The sale of Keilaniemi Next will be conducted as a company divestment. The transaction is expected to have a positive impact on the earnings of NCC Property Development for the fourth quarter of 2021. The transaction will have a positive cashflow effect in the third quarter 2020, since it entails a considerable prepayment.

Keilaniemi Next will be certified in accordance with the international environmental certification system BREEAM and the aim is to reach the Excellent level. The building’s carbon footprint has been calculated, and attention has been paid in the design to factors such as the flexibility of the premises, the well-being of the users, material and energy efficiency and the effects of climate change on the built environment.

Facts on Keilaniemi Next:

- Facilities: approximately 10,000 m2 of floor area, 9 floors

- Due to be finished: 12/2021

- The aim is BREEAM Excellent. BREEAM is the most popular environmental certification system globally for construction and for assessing the ecological, social and economic responsibility of properties.

- Architects: Antti-Matti Siikala and Riku Huopaniemi, SARC Architects

For further information, please contact:
Anna Rasin, acting Group Media Relations, tel: +46 72 242 70 97,
NCC’s media line: +46 8 585 519 00, E-mail:, NCC’s Mediabank,

About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in the Nordics within construction, infrastructure and property development, with sales of over EUR 5.5 billion and 15,500 employees in 2019. The NCC share is listed on NASDAQ Stockholm.