Ecorum
Property transactions • Tenant representation • Property development
We are an efficient team of property professionals.
We advise corporate management in demanding business premises projects and property arrangements. We develop properties diversely with our customers, and reliably see real estate transactions through to completion.
Our customers include Finnish and foreign property investors, other property owners and tenants. Our primary services are real estate transactions, tenant representation and advisory services in property development.
Some recent references
Property transactions:
- Finnish Centre for Pensions, Kirjurinkatu 3 – Sale of office property
- CapMan Real Estate, Pohjoisesplanadi 21 – Acquisition of office property
- CapMan Real Estate, Korkeavuorenkatu 30 – Acquisition of office property
- Finnish Evangelical Lutheran Mission – Sale of a property
- The Finnish Cultural Foundation – Sale of office portfolio
- EM Group Oy and Sewatek Oy – Sale of hotel property in Helsinki CBD
- University of Helsinki funds, Teollisuuskatu 23 – Leasing and sale of property
Tenant representation:
- If P&C insurance Ltd (publ), branch in Finland – Relocation of Turku offices
- White & Case LLP – Relocation of Finnish premises
- Roschier, Attorneys Ltd. – Relocation of head office
- SEB – Relocation of Finnish office
Property development:
- Metso Corporation, Fabianinkatu 8 – Development and sale of former headquarter property
- University of Helsinki funds, Franzenia – New concept, leasing and sale of property
Case Finnish Evangelical Lutheran Mission 
Development of a historic building, Sale of residential building right and Tenant representation
FELM´s long term activity aims to promote human dignity and justice around the world. FELM currently has operations in 30 countries with more than 100 partner churches and organisations.
The premises project in a nutshel
FELM decided to sell their headquarter premises at Tähtitorninkatu in Helsinki and the sale was completed in the first quarter of 2018. FELM’s office premises included approximately 100 workstations. Prior to sale the process of changing the zoning from office to residential use right was initiated. New modern office premises for FELM were found from Länsi-Pasila in Helsinki.
Case SEB – new head office
SEB opened a four-person delegation in Finland in 1984. Today it operates only one branch, but employs around 350 members of staff. At the turn of the 2010s, SEB’s growth meant it had already spread to two buildings on a property on Unioninkatu. The premises overall were labyrinthine and there was a large renovation on the horizon. It was time to take a look at the alternatives, and cooperation with Ecorum began. The year was 2014.
Professionals identify hidden potential
Ecorum’s team began to map and investigate leased spaces offered by various owners. Before long the team found that a building owned by LähiTapiola on Eteläesplanadi perhaps contained a solution that met all the client’s criteria and wishes. The idea seemed financially and technically feasible, even though the building’s lease agreements would have to be reorganised and the premises fully renovated.
Ecorum acted as White & Case Finland’s advisor in their premises project
Ecorum scouted the leasing market in Helsinki Central Business District for White & Case to find premises that fully support the client’s core business. Ecorum advised White & Case in the lease agreement negotiations and throughout the entire premises project. In execution phase, Ecorum tendered technical advisers and architects for the design and renovation of the new premises. As a result, Gullstén & Inkinen architects were assigned for the project.
White & Case’s new fully modernized ca. 1 500 square meter premises are located on the corner of Aleksanterinkatu and Mikonkatu, in a Jugend style property called Väinämöisenlinna.
Further information:
Aarne Nurminen, CEO
+358 50 511 4456
aarne.nurminen@ecorum.fi
Ecorum acted as advisor for If insurance company in Turku premises project
Ecorum scouted the premises market for best possible alternatives for If and advised the insurance company to a favorable outcome with the lease agreement negotiations. The successful premises project lead to a lease agreement extension for ca. 17 500 m2 office premises which are located in Kupittaa Turku.
The preliminary advisory work with If insurance company and Ecorum began during the first quarter of 2017. If had already outlined the goals and needs for the future premises. Ecorum’s advisers initiated the project in Spring 2017. During the first phase of the premises project property owners were contacted and various opportunities were investigated for alternative premises.
By the end of August’s deadline Ecorum had received a dozen proposals from which three best were chosen for further negotiations. Furthermore, If’s goals and needs for futures premises were fine-tuned at this stage.
After careful consideration and planning it was decided that the current premises located in Kupittaa served If’s goals and future needs the best possible way. The negotiations culminated in December 2017 when If signed the lease-extension.
Additional information:
Aarne Nurminen, CEO
+358 50 511 4456
aarne.nurminen@ecorum.fi
