Varma is building Finland’s tallest office building in Helsinki – the 32-floor office building will launch the development of a tower area in central Pasila
Varma Mutual Pension Insurance Company is developing a new tower block in Helsinki’s Pasila area. Upon completion, it will be Finland’s tallest office building. The tower block to be built near Mall of Tripla in central Pasila, called “The Node”, will boost the area’s attractiveness as an urban residential and office district.
The impressive office building, which will alter Pasila’s skyline, will feature 32 floors and reach a height of 130 metres. The new building will house more than 3,000 office workstations.
Upon completion, the building will be Finland’s tallest office building.
“There is a demand for modern office premises. Companies value high-quality premises that offer the best conditions for work. A distinctive feature is the panoramic view that opens up southward over Helsinki’s old city centre all the way to the sea. We are thrilled to be starting a major construction project in the current situation,” says Ville Häyrinen, Construction Manager at Varma.
Elisa as the anchor tenant
Elisa will be the anchor tenant. The name of the building – The Node – is a refence to Pasila as a traffic node, but also to Elisa’s business: in telecommunications, a node is a junction or unit in a network.
“We want to offer Elisa’s team and partners an inspiring work environment that supports collaboration and innovation. The new premises enable flexible working and enhance the personnel’s well-being. The excellent location in Pasila makes the premises easily accessible using all modes of transport”, says Elisa’s EVP for HR, Merja Ranta-aho.
In addition to Elisa’s offices, the leasable premises add up to 18,000 m2. The tower building will also house restaurant and café facilities for the tenants and other people in the area.
Construction begins in the autumn. Earthworks and the construction of the foundations will take place until next spring. The framework of the building will be erected gradually to the level of Teollisuuskatu and higher in 2025. The tower building will top out at the start of 2027.
In planning the office building, Varma’s environmental sustainability targets and circular economy guidelines for construction will be taken into account. BREEAM environmental certification, i.e. the BREEAM Excellent rating, will be sought for the building.
Pasila is boosting its standing as an area similar to central Helsinki
Pasila is a hub not only for Helsinki but also national traffic, and a key location for office construction in Helsinki.
The tower building is part of a more extensive, densely built urban residential and work district consisting of tower blocks (Pasila Central Tower Area) zoned by the City of Helsinki. Pasila is one of the areas where the City of Helsinki has decided that it is possible to build tower buildings. The Node is the first tower building to be erected in the central Pasila area.
The project will boost Pasila’s standing as an office and residential hub similar to central Helsinki. A traffic plan has been drawn up for the area, which would introduce a new pedestrian route from the Veturitallit area to Pasila bridge and its public transport hub.
Varma’s other major office building projects
The central Pasila tower project is one of Varma’s largest office building projects. Other major office building projects are Keilaniemen Portti in Espoo and the recently completed wooden office premises Katajanokan Laituri in Helsinki’s Katajanokka.
Varma’s Pasila Central Tower Area was designed by JKMM Architects. In January 2022, Varma won a design and land transfer competition organised by Senate Properties and the City of Helsinki for the use of the central Pasila plot. The City of Helsinki approved the city plan for the middle part of the Pasila tower area and its amendment in October 2023.
Varma is one of Finland’s largest real estate investors, with a real estate portfolio worth EUR 5.6 billion.
Keywords
Contacts
Marjut Tervola
Tel:045 673 0120marjut.tervola@varma.fiVarma Mutual Pension Insurance Company is a solvent investor of pension funds. The company is responsible for the statutory earnings-related pension cover of 976,000 people in the private sector. Premiums written totalled EUR 6.5 billion in 2023 and pension payments stood at EUR 7.1 billion. Varma’s investment portfolio amounted to EUR 62.1 billion at the end of June 2024.
Alternative languages
Subscribe to releases from Varma
Subscribe to all the latest releases from Varma by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Varma
Varmas avkastningar i början av året kan tillskrivas de noterade aktiernas starka utveckling – placeringarna avkastade 5,9 procent16.8.2024 09:01:42 EEST | Tiedote
Varmas placeringsavkastning på 5,9 procent för perioden januari–juni berodde på aktiemarknadens gynnsamma utveckling som fortsatte under årets första hälft. Den globala ekonomiska utvecklingen, som stötts av den amerikanska ekonomin fortsatte att vara stark, men under sommaren har utsikterna blivit mer osäkra. Varma placerade 1,5 miljarder euro i en amerikansk klimatfond.
Varman alkuvuoden tuotot nojasivat listattujen osakkeiden vahvaan kehitykseen – sijoitukset tuottivat 5,9 prosenttia16.8.2024 09:01:42 EEST | Tiedote
Varman tammi–kesäkuun 5,9 prosentin sijoitustuotto perustui osakemarkkinoiden suotuisaan kehitykseen, joka jatkui koko alkuvuoden. Globaalia talouskehitystä kannatellut Yhdysvaltojen talous jatkoi vahvana, mutta kesän aikana näkymät ovat muuttuneet epävarmemmiksi. Varma sijoitti 1,5 miljardia euroa yhdysvaltalaiseen ilmastorahastoon.
Varma’s half-year returns driven by the strong performance of listed equities – investments yielded 5.9 per cent16.8.2024 09:01:42 EEST | Press release
Varma’s 5.9 per cent return on investments relied on the equity markets’ favourable development, which continued in the first six months of the year. The US economy, which has bolstered global economic development, remained strong, but as summer progressed, the outlook became more uncertain. Varma invested EUR 1.5 billion in a US climate fund.
Muistutuskutsu medialle: Varman puolivuositulos ja Suomen talouden tila – uhkaako Suomea luottoluokituksen lasku?14.8.2024 10:39:50 EEST | Kutsu
Varma julkistaa puolivuosituloksen perjantaina 16.8.2024 klo 9. Samalla järjestämme tiedotustilaisuuden median edustajille.
Varma joined two new joint initiatives by investors9.8.2024 11:00:26 EEST | Press release
Varma has joined a joint initiative by the UN-backed organisation for responsible investment PRI, which aims to prevent the possible negative impacts of social media and smart device use. The other joint initiative by investors relates to combating antibiotic overuse and antibiotic resistance.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom