The Property
Fleming Properties owns and manages a prime office property in Central Helsinki
The Property
The property comprises two office buildings and an underground parking facility. The office buildings were constructed in 1920 and 1991, with major refurbishments completed in 2020 and 2023 and is certified according to BREEAM-in-use. The underground parking facility was constructed in 2009. The property has altogether 500 underground parking spots.
Location
The property is located in Vallila, Helsinki, only 2.5 kilometres from Helsinki CBD. The area is anticipated to function as a crucial hub in-between Pasila and Kalasatama, improving connectivity as well as expanding the city centre of Helsinki. Vallila is strategically located along all main arteries going into the city centre and to other parts of Helsinki. Helsinki CBD can be reached with an 8-minute drive, and Helsinki-Vantaa airport with a 20-minute drive. There are several bus and tram stations surrounding the property, with the closest bus and tram stations located right in front of the property. Pasila railway station and Sörnäinen metro station are close by and Helsinki CBD can be reached within 4 minutes by metro.
| The Property |
|---|
| Anchor tenant SOK, the central organisation of S Group |
| Municipality Helsinki |
| Address Fleminginkatu 34 |
| Lettable area 41,000 m² |
| Construction year 1920-1991 (refurbished 2019, 2020 and 2023) |
The anchor tenant
SOK is the central organization of S Group, a market leading network of Finnish cooperatives active in the retail and service sector. The Group was founded in 1904 and provides centralized service activities to the regional and local cooperatives. S Group is owned by its approximately 2.4 million co-op members, which is more than half of the adult population in Finland.
S Group is one of the market leading retail and service companies in Finland and its businesses include daily goods retail, department stores, cosmetic stores, service stations, hardware, restaurants, hotels and financial services. The company is especially strong in the daily goods retail sector with a store network of approximately 950 units and a market share of 47.2%. The Group is a significant nationwide employer with its approximately 40,700 employees, out of which 5,800 are employed at SOK.
SOK, the central organisation of S Group
CO-OP MEMBERS
2.4m
EMPLOYEES
40,700
RETAIL SALES (EXCL. TAX)
EUR 11.bn
MARKET SHARE IN DAILY GOODS
47.2%
Fleming Properties is a real estate company that owns and manages a prime office property in Central Helsinki.