Logian and YIT sign a significant partnership agreement

Logian and YIT have signed a letter of intent regarding the acquisition and construction contract. Additionally, the parties have agreed on cooperation on leasing of the premises.. Final agreements related to the share acquisition and project implementation will be signed once the zoning plan is confirmed and a lease agreement for the premises has been signed.

 

Growth and competitive advantage next to the airport

The unique location of Sammonmäki combines smooth transportation connections, a developing environment and strong appeal - offering a rare opportunity to establish operations in a location that is seldom available. The area’s central location along major routes and the planned Ring Road IV support efficient freight traffic and enable quick access to the entire Helsinki metropolitan area, the airport, and ports.

“Sammonmäki is one of the most important development projects in Tuusula and the airport area. For Logian, this is especially significant as the area is in an optimal location for logistics and industrial companies, serving Logian’s customer base exceptionally well. We believe that YIT’s strong experience in demanding development projects, long-term ownership in the area, and close cooperation with Logian provide a strong foundation for the project’s development and ensure that the end result meets even the most demanding tenant requirements,” comments Elsi Luhtanen from Mrec Investment Management Oy.

A cornerstone of Logian’s strategy is to develop and own its properties responsibly and sustainably. Logian’s projects take into account energy efficiency, the use of renewable energy, and long-term development of the area and its infrastructure. Ambitious zoning and collaboration with the municipality and local landowners enable smooth project development and customized solutions also in Sammonmäki. This also allows companies locating in the area to benefit from cooperation opportunities, each other's services, and the area’s growing visibility.

“We are pleased to begin the development phase of the Sammonmäki area with Logian. Through close cooperation with Logian, we further strengthen the usability of the area for logistics and industrial companies, on top of its excellent location. Our goal is to expand the development of the Sammonmäki area more broadly in the future,” says Kari Löytynoja, VP, Industrial and Building Construction, Häme and Southeast Finland.