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Hemsö has been awarded a school project by the City of Helsinki

- Non-regulatory information

The City of Helsinki has chosen Hemsö in a public procurement for the acquisition and re-development of Vallila Primary School, which will accommodate 350 pupils from grades 1 to 6. The City will sell the existing school building to Hemsö. During the spring, Hemsö and the City will sign a 20-year lease agreement regarding the school’s 3,500 square meters.

The historic school building on Tavastvägen in Helsinki was completed in 1902. Both the school building and the wing that was added in 1935 need refurbishment. During the spring, the Helsinki City Council will decide on selling the property. When the decision is made, a lease agreement will be signed. Hemsö will then start a major re-development of the school to adapt the premises to today’s needs. The schoolyard will also be upgraded.

– We are pleased to continue our good collaboration with the City of Helsinki, which has a significant need to modernize its school infrastructure. Through this project, we will have three school projects with the City of Helsinki as a tenant, where we create more than 1,000 new school places. The next step is to start planning the project based on the site plans that the City has developed, says Simo Karjalainen, Head of Project Development at Hemsö in Finland.

Vallila is the City of Helsinki’s first lease agreement for a re-development project. The City has previously chosen lease procurements for new development of schools, for example, the Körsbärsdalen preschool in the Herttoniemi district that Hemsö is currently developing.

– We will now gain valuable insights on how the rental model works in the re-development project. Leasing Vallila Elementary School is economically advantageous for us and, moreover, we spread the risks in our property portfolio. Hemsö is a reliable and professional player specialized in projects like this, says Jarmo Raveala, Unit Manager Urban Development Sector, at the City of Helsinki.

The project is scheduled to commence at the beginning of 2025, with occupancy planned for the autumn term 2026.

Hemsö owns approximately 150,000 square meters of educational property in Finland.

For more information, please contact

Simo Karjalainen

Head of Project Development in Finland

+358 400 766 664 Send e-mail

En mellanblond kvinna med hår till axlarna med en svart och grön blus.

Åsa Thoft

Head of Communications

+46 8 501 170 57 Send e-mail