On Monday 8 April 2019, representatives of Trevian Funds AIFM met the Rovaniemi City Board and presented a plan for the development of Sampokeskus and the Rovaniemi city centre.

Special investment fund Trevian Finland Properties I bought the Sampokeskus shopping centre from Citycon Finland Oy on 30 November 2018.

In addition to Sampokeskus, the development plan concerns Antinkulma, a property owned by Rovaseudun Markkinakiinteistöt Oy, the property development company of the City of Rovaniemi, at Koskikatu 19. A section of Koskikatu would be covered, to become an indoor market square that can be utilised throughout the year. Negotiations with the City of Rovaniemi are preliminary, and no agreements on the development plan have been signed yet.

On the Antinkulma plot, the plan includes a 26-storey hotel, together with modern office and congress space. The hotel’s restaurants and other services would be located in the premises of the current Sampokeskus. New storeys would be added on the Koskikatu side of the plot, and on the Antinkulma plot, where the tower hotel would be situated. The planned height of the hotel exceeds 93 metres, which would make it the tallest hotel in Finland. The draft development plan consists of more than 200 hotel rooms and ca. 8,000 m2 of office and congress space. Total newbuild area of the plan exceeds 23,000 m2.

In cooperation with the city and other property owners in the city centre, the plan strives to develop a combined underground parking facility, to improve the accessibility and functionality of the Rovaniemi central business district (CBD).

Furthermore, the goal is to improve the effectiveness of public transport, including tourist coaches, airport shuttle services, and connections to the nearby tourist resorts.

The plans are preliminary, and discussions with the City of Rovaniemi continue on the project. Cooperation with adjacent property owners supports the city’s strong role in developing the Rovaniemi CBD.

 

ADDITIONAL INFORMATION:

 

Amalia Pöyry
Partner, Fund Manager
Trevian Funds AIFM
+358 50 305 5044
amalia.poyry@trevianrahastot.fi

 

Kari Kolu
Founding Partner, CEO
Trevian Funds AIFM
+358 40 544 8008
kari.kolu@trevianrahastot.fi

 

Trevian Funds AIFM was established in 2017 and it has a license under the AIFM Directive. The company is based on Finland’s strongest property portfolio management expertise. Non-UCITS Trevian Finland Properties I is its first fund to invest in strong cash flow and development potential.