NORTHERN EUROPEAN CAPITALS TRUST NEWSEC EXPERTISE

NORTHERN EUROPEAN CAPITALS TRUST NEWSEC EXPERTISE

16.11.2018

Newsec has prepared a report on service needs in the Pasila district for the City of Helsinki. The City of Stockholm also chose Newsec as its advisor for redeveloping the Slussen district. Providing advice and various analyses for public sector property transactions is an integral part of Newsec's service portfolio in the Nordic and Baltic Countries.

The Pasila inner suburban district has been evolving and reconstructing rapidly in recent years, and the City of Helsinki was keen to ensure that the provision and location of premises for early childhood education and schooling would continue to meet the future need for these services. Newsec prepared a demand-based projection of the size and location of premises required for the early childhood education and school service network over the period from 2019 to 2040. This work provided the City authorities with details on future occupancy of current service premises, occupancy of premises that could be viewed as alternatives, and the future size and location of required new build premises in the area.

"The study of the future need for nursery and school premises as the Pasila district evolves will enable us to prepare for service provision at a sufficiently early stage. The clarity of this report and the results of the project will facilitate the decision-making processes of City authorities on a general level, and particularly when scheduling construction projects," explains architect Dan Mollgren of the City of Helsinki Planning Department.

Newsec supports the City of Stockholm in Slussen district development

The City of Stockholm is planning the development of two underground shopping centres totalling approximately 8,000 square metres to accommodate 50 shops in the Slussen inner-city district. Newsec is advising the City authorities in investigating the optimal approach and partners for this development work. Slussen will become a safe and functional traffic hub for pedestrians, cyclists and public transport services. It will also become one of Stockholm's most desirable centres, with shops, leisure and entertainment services, cafes and restaurants.

"The wide-ranging expertise of Newsec in valuing and analysing property holdings and in broader strategic analysis is bringing added value to urban and municipal development. There is a clear need for services and partnership throughout our operating area in the Nordic and Baltic Countries," says Heikki Kangas, Deputy Head of Valuation at Newsec.

For further details, please contact:
Heikki Kangas
Deputy Head of Valuation, Partner
+358 50 320 9136
heikki.kangas@newsec.fi

Alexandra Lövgren
Senior Associate, Head of Research
+46 708 24 40 73
alexandra.lovgren@newsec.se